INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Benchmark indices opened on a higher note on Wednesday, tracking firm cues from other Asian markets, ahead of expiry of July
series futures and options contracts on Thursday
The BSE Sensex rose just over 100 points to hit an all-time high of 36,928.06, only to erase gains
The Nifty50 breached 11,150 level and was less than 20 points away from its all-time high levels
This index too wiped out gains
At 9.24 am, the 30-pack BSE barometer was trading at 36,844.24, up 19.14 points, or 0.05 per cent
The 50-pack Nifty50 was ruling flat at 11,135.60
The market-wide rollovers till Tuesday stood at 44 per cent against 39 per cent in the last three FO series, data showed
Nifty futures rollover stood at 36 per cent against 28 per cent in the last three series
"The rollover activity was vigorous in stocks eligible for physical settlement, where in-spite of two days left for the series to expire,
average rollovers in these names has touched 60 per cent," Edelweiss Securities said in a note
Vedanta led Sensex gainers by rising 1.99 per cent to Rs 220.45
Hero MotoCrop, Tata Steel and Adani Ports added 1.55 per cent, 1.28 per cent and 1.26 per cent, respectively.
On the downside, Asian Paints
dropped 2.09 per cent to Rs 1,436
Bharti Airtel, TCS, ICICI Bank and Infosys declined 1.67 per cent, 0.59 per cent and 0.42 per cent and 0.32 per cent, respectively
consolidated net profit at Rs 20 crore for the quarter ended June 2018
It had posted a net profit of Rs 39 crore in the corresponding quarter last year
The day will see a host of blue chips such as Larsen Toubro, BHEL, Hero MotoCorp and Ambuja Cements announcing their quarterly results
