The bourses closed marginally higher yesterday with most of the gains wiped out by end of the day. Investors, again this morning, have entered equities. However, sentiment is likely to be dampened by the lower close on the U.S bourses. Asian markets are trading significantly lower.
The BSE Sensex is at 3,420 (up 18 points) and the NSE Nifty is at 1,107 (up 7 points). The rupee is trading at Rs 48.28 per US dollar.
Reliance (1.4%) is attracting some interest this morning. Both the Reliance (RELI.BO, news) group bellwether stocks, RIL & RPL, have been witnessing extreme volatility, which could be attributed to their large operations based in sensitive locations. The interest this morning could be led by reports on anti-dumping duty imposed on South Korean and Turkish polyester manufacturers.
Many of the speculative stocks continue to witness increased momentum this morning. Among the runners are HFCL (4%), Global (1.8%), Mukta (2%) and Tips (5%). Operators seem to have set their eyes on the media sector this morning.
