Sensex, Nifty open higher
Monday,
24-Jun-2019
09:38 AM (IST)
Benchmark indices opened Monday's session with minor gains, lifted by IndusInd Bank and Larsen & Toubro while auto stocks were the biggest drags. According to a Business Standard report, two- and three-wheeler manufacturers are stoutly resisting the government’s e-mobility plan. The government wants to ban internal combustion engine (ICE)-powered three-and two-wheelers (with an engine capacity of less than 150cc) by 2023 and 2025, respectively, and replace them with electric vehicles (EVs). The benchmark Sensex rose 50 points, or 0.13 per cent, to 39,244, with IndusInd Bank, Bharti Airtel, Larsen & Toubro, Asian Paints, and TCS being the biggest gainers. The broader Nifty50 index added 13 points, or 0.1 per cent, to 11,737. Seven of the 11 sectoral gauges compiled by NSE were trading in the green with marginal gains while Nifty Auto, down 0.8 per cent, took the deepest cuts. In the broader market, the S&P BSE MidCap index gained 11 points, or 0.08 per cent, to 14,636, while the S&P BSE SmallCap index was hovering around 14,114, up 30 points, or 0.2 per cent.
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