The Indian markets opened in green echoing Asian markets move. The benchmark index Nifty was inching towards 5450 mark. Analysts suggest that the Nifty might bounce back 50-100 points on back of expiry next week. There are huge shorts in the market and rollover will start to pick up from tomorrow which may lift Nifty 50-100 points on profit booking and rollovers.
At 09.22 hrs, the Sensex was up 61.39 points or 0.34% at 18147.59, and the Nifty was up 15.80 points or 0.29% at 5436.40. About 636 shares advanced, 349 shares declined, and 2656 shares remain unchanged.
L&T is set to announce its fourth quarter results today. According to CNBC-TV18 poll, net sales may surge 18.5% at Rs 16100 crore versus Rs 13585.10 crore. Operating profit margins are seen at 14.22% Vs 15.09%.
Nifty gainers: GAIL, ITC, Sterlite Industries, Bajaj Auto and Reliance Capital were up 1-2%.
At 09.22 hrs, the Sensex was up 61.39 points or 0.34% at 18147.59, and the Nifty was up 15.80 points or 0.29% at 5436.40. About 636 shares advanced, 349 shares declined, and 2656 shares remain unchanged.
L&T is set to announce its fourth quarter results today. According to CNBC-TV18 poll, net sales may surge 18.5% at Rs 16100 crore versus Rs 13585.10 crore. Operating profit margins are seen at 14.22% Vs 15.09%.
Nifty gainers: GAIL, ITC, Sterlite Industries, Bajaj Auto and Reliance Capital were up 1-2%.
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