Market opens higher, Nifty reclaims 10,800-level; Motilal Oswal, IIFL crack post SEBI order
Updated : February 25, 2019 10:12 AM IST
The S&P BSE Sensex was trading at 36,013, up 142 points while the broader Nifty50 was ruling at 10,823, up 32 points.
Indiabulls Housing Finance, JSW Steel, HeroMoto Corp, Yes Bank and Tata Motors were the top gainers on Nifty while Adani Ports, PowerGrid, Dr Reddy's, GAIL and Titan were the top draggers.
Motilal Oswal dragged four percent in the opening trade while India Infoline (IIFL) dragged three percent after Securities and Exchange Board of India (SEBI) declared the commodity broking arms of Motilal Oswal and IIFL as not "fit and proper", as part of the action taken in the NSEL case.