Meanwhile, the Nifty50 was up 254 points, trading at 22,874 around 10:25 am.The National Democratic Alliance NDA ) on Wednesday formally named Modi to lead the government. Tech Mahindra, Tata Steel, Wipro, and HCL Tech also opened with gains, while HUL, Nestle India, Sun Pharma, and Asian Paints opened with losses.On the sectoral front, Nifty Realty rose 3.9%, and Nifty PSU Bank surged 3.3%. Nifty Bank, Financial Services, IT, Media, Metal, Oil & Gas, and Consumer Durables also saw gains of up to 2%. The index was on course for a 2.7% gain in the week and snap its two-week losing streak. (With inputs from agencies)(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own.

Source: Economic Times June 06, 2024 13:22 UTC