Sensex rebounds, Nifty opens above 9900

sensex

Equity benchmarks opened high on Monday after Friday’s consolidation, with the Nifty50 reclaiming 9900 level and the Nifty Bank hit 24000 level for the first time.

The 30-share BSE Sensex was up 82.18 points at 32,102.93 and the 50-share NSE Nifty gained 21.45 points at 9,907.80.

ITC lost more than 2 % on reports that the government may increase on cigarettes.

Nifty Midcap was up 0.3 % as about three shares advanced for every share falling on the BSE.

Alkem Labs, Indraprastha Gas, Jubilant Foodworks and CESC gained over 1 percent while Karnataka Bank and Gruh Finance fell over 1.5 %.

Asia markets were mixed following the release of better-than-expected China second-quarter GDP.

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