April 24, 2024 06:48 (IST)
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Indian stock markets well-positioned in intraday trade
Mumbai, Jan 25 (IBNS): The Indian stock market opened on a positive note on Monday morning on the back of strong global markets.
The BSE Sensex opened 105.31 points up at 24540.97 and was up over 100 points during the intraday tradde to touch 24549.21. NSE Nifty is holding firm at 7450.
MRF, whose shares were trading 4.33% up at Rs 37,827, is expected to announce its December-quarter result later on Monday.
Around 1.30 pm, investors were showing interest in metal stocks and as a result, Vedanta, Tata Steel, NALCO, SAIL, NMDC, Hindalco and Hindustan Zinc were trading in green.
Share price of Hero MotoCorp, Axis Bank, L&T and Wipro are down.
The US blizzard helped push demand for oil, driving oil prices higher, which offered a partial relief to the global markets and supported the Asian stocks from rising above their four-year lows seen in the past week.
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