Sensex Gains 1%, Nifty Above 14450; GAIL Top Gainer

Tracking gains in SGX Nifty and amid favourable global cues after two straight days of heavy sell-off, Indian indices opened higher. At the start, Nifty was up by 1.10% at 14482, while Sensex gained by 485 points or 1%. Broader markets their headline peers, with Nifty Midcap 100 up 1.26%.

Top gainers in early trade have been Adani Ports, Tata Motors, GAIL, Hindalco and Bajaj Finserv while laggards included Divi's Labs.

Among Nifty sectoral indices, all the indices traded in the green, with Nifty Realty trading with maximum strength.

Shares of Kalyan Jewellers and Suroday Small Finance Bank will list at the bourses today.

Punjab and Sind Bank said it has declared its IL&FS NPA account with Rs 399 crore outstanding loan as fraud and has reported it to the Reserve Bank.

As per a report JSW Steel is likely to complete the Bhushan Power & Steel (BPSL) deal on March 26. JSW Group is expected to transfer Rs 19,350 crore to financial creditors to close the BPSL deal.

Meanwhile, at the time of writing this copy, Asian markets traded with gains with Nikkei up over 1.5%, similarly other Asian indices also were up in the range between 0.06-1.48 percent.

Oil prices gained today after yesterday's fall as there are concerns that a large container ship stuck in the Suez Canal may squeeze the supply.

GoodReturns.in