Sensex, Nifty open on a positive note

Indian equity indices ended on a positive note crossing 34,000 mark, while Nifty ended nearly 10,700 levels.

Sensex was higher by 79 points at 34,8450 , While Nifty was lower by 10 points at 10,710.

The S&P BSE Mid-cap and small cap index was higher.

Yesterday, IT stocks ended higher on reports that global brokerage firm Morgan Stanley upgraded ratings for Infosys, HCL Technologies to overweight.

ASSOCHAM has urged the Centre to impose 10% customs duty on import of hardwood chemical pulp and bleached chemi-thermo mechanical pulp (BCTMP) to encourage domestic pulp production, provide fillip to job creation and promote overall economic development of India’s vast rural hinterland housing pulpwood plantations.

The initial public offering (IPO) of Newgen Software Technologies Ltd received 19% subscription on the first day of the sale.

RIL Chairman Mukesh Ambani stated that it will invest INR 5000 crore investment in expanding telecom and petro-retail businesses in West Bengal, according to reports.