Blitz Bureau
NEW DELHI: The Indian stock market opened in green on August 7, following buying in auto and IT majors.
At 9:37 a.m., Sensex was up 718 points or 0.93 per cent at 79,324 and Nifty was up 249 points or 1.04 per cent at 24,250. The broader market trend is positive. On the National Stock Exchange (NSE) 1,778 shares are in the red and 122 shares in the green.
All 30 stocks in the Sensex pack opened in the green. Infosys, M&M, Maruti Suzuki, Wipro, Tech Mahindra, JSW Steel, Tata Steel and UltraTech Cement are the top gainers.
All sectoral indices are trading in the green. Auto, IT, fin Service, pharma, metal, realty, media and energy are major gainers.
According to an expert: “After the twin jolts from US recession fears and the unwinding of the Yen carry trade, stock markets globally are slowly limping back to stability. The message from the Bank of Japan that “rates will not be hiked when markets are unstable” will help in stabilising the Yen and prevent further massive unwinding of the Yen carry trade.”
