Market opens on positive note, Sensex rises 57.54 points, Nifty at 11172.50

Domestic equity benchmarks BSE Sensex and NSE Nifty started on a positive note on Thursday. In the opening trade, the BSE was up by 57.54 points to 37172.42, while Nifty also opened 15.50 points higher at 11172.50.

Earlier, in the previous session on Wednesday, the BSE bourse settled 203.65 points, or 0.55 per cent, lower at 37,114.88; and the Nifty shed 65.05 points, or 0.58 per cent, to settle at 11,157.

Top gainers in the Sensex pack include Tata Motors, Vedanta, Infosys, Bajaj Finance, PowerGrid, Yes Bank, Axis Bank, Reliance Industries, ICICI bank, NTPC, Tata Steel, Hero MotoCorp, HUL, HCL Tech and Asian Paints, rising up to 3.39 per cent.

On the other hand, Kotak Bank, M&M, L&T, IndusInd Bank, Coal India ITC and HDFC twins fell up to 0.71 per cent. According to traders, sustained foreign fund outflow kept weighing on investor sentiment here.

Foreign institutional investors (FIIs) sold equity worth Rs 1,142.44 crore on Wednesday, while domestic institutional investors (DIIs) purchased shares to the tune of Rs 671.77 crore, provisional data available with stock exchanges showed.

(with inputs from PTI)