Nifty likely to open in green

Equity trading tips: Nifty likely to open in green; banks, realty cos in focus

CCEA clears Glenmark, Aurobindo proposals worth Rs 4,187 cr

DA hiked by 6%; to benefit over 1 cr employees, pensioners

Dr Reddy's files three new drug applications with USFDA

CCEA approves highway projects worth Rs 9,500 crore

Quikr raises Rs 900 cr in funding; invest in mobility

The market extended upmove in opening trade today with the Nifty reclaiming 8700 level led by FMCG, IT and banks stocks. The Sensex rallied 122.87 points to 28639.46 and the Nifty climbed 38.65 points to 8698.95.

About 429 shares have advanced, 73 shares declined, and 92 shares are unchanged on the BSE. Shares of Coal India, Tata Motors, Infosys, Tata Power, NTPC, HDFC Bank, ICICI Bank and Sun Pharma topped the buying list on Sensex. However, Bharti Airtel declined.

The cabinet has cleared the decks to create a regulator for realty sector. The watchdog will address consumer grievances within 60 days. Penal provisions will be initiated against realtors who violate the rules. Reserve Bank of India Governor Raghuram Rajan kept key policy rates unchanged yesterday and asked bankers to pass on previous rate cuts. Banks obliged with the ICICI Bank cutting rates by 25 basis points.

SBI and HDFC Bank also eased rates by 15 basis points each. Glenmark Pharma gained 3.5 percent on approval from CCEA to hike FII limit in company.