Nifty above 10,650
Nifty above 10,650, Sensex trades higher
Buzzing: Shares of Emami rose 5 percent in the early trade on Tuesday after company promoters divested their stake in the company.
The promoters of Emami Group announced a sale of 10 percent stake in Emami, raising approximately Rs 1600 crore, as per company release. Market Opens: It is a flat start for the Indian Indices with Nifty hovering around 10650 level.
The Sensex is up 51.90 points at 35550.34, while Nifty is up 15.40 points at 10656.40. About 497 shares have advanced, 249 shares declined, and 37 shares are unchanged.
Gainers include Jet Airways, Ambuja Cements, Dr Reddy's Lab, Sun Pharma, Grasim, JSW Steel, Hindalco, Emami, while losers are Indiabulls Housing, Wipro, HDFC, Adani Port and IDFC.