Sensex, Nifty Marginally Higher; Kotak Bank Shares Fall 4%
(RTTNews) - Indian shares traded slightly higher in early trade on Thursday after the tone of the Federal Reserve's latest monetary policy decision appeared less hawkish than feared.
The benchmark S&P BSE Sensex rose 108 points, or 0.1 percent, to 74,593 while the broader NSE Nifty index was up 30 points, or 0.1 percent, at 22,635.
Kotak Mahindra Bank tumbled nearly 4 percent as K V S Manian, joint managing director at the bank, resigned from his position to pursue other opportunities. Federal Bank surged 4 percent on reports that Manian may join the bank.
Godrej Industries rose over 1 percent and Godrej Consumer Products added 0.7 percent while Godrej Properties lost 2.4 percent after the split of group companies.
Vedanta climbed 1 percent after it announced plans to invest $20 billion in 4 years in India.
TVS Motor gained more than 1 percent on reporting 25 percent growth in monthly sales. Jindal Stainless rose 0.6 percent after unveiling expansion plans.
Adani Ports gave up 1 percent ahead of its earnings release.
Commodity Currencies Rise Against Majors
Asian Markets Trade Mixed
Japanese Market Modestly Lower
Thai Stock Market May Add To Its Winnings On Wednesday
Additional Support Called For Indonesia Stock Market
Australian Market Modestly Lower
Higher Open Anticipated For Hong Kong Shares
