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Market opens in the green, Titan gains

Market opens in the green, Titan gains

Market opens in the green, Titan gains
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By CNBC-TV18 May 11, 2018 10:06:10 AM IST (Updated)

The market on Friday opened in the green backed by strong global cues with the BSE Sensex opening at 35,288 points and the NSE Nifty at 10,742 points.

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Titan was the top Nifty gainer with a gain of 1.90% in the opening trade after it announced robust earnings. Asian Paints is also gaining more than 5% in trade after it posted robust quarterly earnings.
Telecom companies were losing after Reliance Jio announced new postpaid plan for Rs 199 per month. Idea Cellular was down by 7% and Bharti Airtel is losing more than 5%.
In Asian markets, Japan's Nikkei climbed 0.7 percent while South Korea's KOSPI added 0.6 percent in their opening trade. Australian and New Zealand shares were both up 0.2 percent.
On Wall Street, the Dow rose 0.8 percent, the Nasdaq Composite gained 0.89 percent and the S&P 500 rose 0.9 percent, surging past key resistance of 2,717 points.
Disclosure: RIL, the promoter of Reliance Jio, also controls Network18, the parent company of CNBCTV18.com.
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