The Indian stock market on Friday opened higher?

by Suryaa |

The Indian stock market on Friday opened higher, with all major indices remaining in green territory, exhibiting strong gains.

On the opening of the trading session today, Sensex was up about 200 points at 81,758.95, while Nifty 50 at National Stock Exchange (NSE) was up about 60 points at 25,074.45.

At Sensex, the stocks of Infosys, TCS, Axis Bank, HCL Tech, Tata Motors emerged as the major gainers, while losers were Eternal, UltraTech Cement, ITC, HUL, HDFC Bank.

Observing the markets, Ajay Bagga, Market and Banking Expert, opined, “Indian markets are pointing to a positive start. The big catalyst for India will be a US tariff relief, which could happen in the next few weeks if not sooner. The other catalyst that looms is the Sep 22nd cut in consumption taxes under the GST 2.0 reforms and tax cuts.

Siddharth Vora, Head of Quant and Fund Manager, PL Asset Management said, “As market sentiment improves, we are turning bullish on India.”