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Sensex opens 100 points higher, banks gain

IANS  |  Mumbai 

The benchmark Sensex opened over 100 points higher on Friday led by gains in the and stocks.

PSU Bank, IT, and pharma stocks witnessed selling pressure.

At 10.39 the traded 197.03 points, or 0.53 per cent higher at 37,590.51. It opened at 37,494.42 after closing at 37,393.48 on Thursday.

The Nifty50 of the National Stock Exchange (NSE) opened at 11,261.90 after closing at 11,257.10 on Thursday. It traded at 11,307.35 during the morning trade session, up 50.25 points and 0.45 per cent.

Brent Crude traded above the $72 a barrel mark amid rising tension in the that could lead to supply disruptions.

Investors will take cues from the fourth quarter earning results of and scheduled later in the day.

--IANS

ravi/in

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, May 17 2019. 10:52 IST
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