Markets open higher, Nifty opens above 7900, Stock advisory company Indore

free stock tips Indian share markets have opened today on higher note amid lack of global cues. Arun Jaitley’s assurance to investors ensuring lower taxes in the economy near the budget also help boost confidence.

At 10:15 am, the BSE Sensex  was trading at 25,870, up 64 points, while Nifty50 was ruling at 7,926,  18 points higher. Meanwhile, In broader markets BSE Mid Cap and S&P BSE Small Cap are trading higher by 0.3% respectively.

The rupee is trading at 67.83 against the US dollar. Except realty sector, all the sectoral indices are trading higher with pharma and consumer durables’ stocks leading the gains.

About 830 shares have advanced while 870 shares declined, and 100 shares are unchanged. Sun Pharma, Lupin,Cipla, Adani Ports, and TCS are top gainers while Bharti Airtel, Hero, GAIL, Maruti and Bajaj Auto are losers in the Sensex.

Investors anticipate tax concessions from the government to boost economy after Modi’s 50-day demonetization drive ends on December 30. Moreover, Prime Minister Narendra Modi will meet senior economists to discuss the future lights for the economy today.

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