Stock Market Opening Bell & Market Update for 02-08-2017

Market Live: Indices trim gains from opening tick, Nifty trades flat; Hero Moto up 2%

Equity benchmarks began the session on a positive note on Wednesday, with the Nifty opening at a record high. Midcaps too opened on a strong note.

The 30-share Sensex was up 84.40 points at 32659.57, while the Nifty was up 11.25 points at 10125.90. The market breadth was positive as 522 shares advanced against ad decline of 225 shares, while 47 shares were unchanged.

Hero MotoCorp and Lupin were the top gainers on both indices, while ONGC, Kotak Mahindra Bank, Ambuja Cements and ACC lost the most.

The Indian rupee on Wednesday opened at 64.12 to the dollar, up 0.1 percent from its previous close.

The Dow Jones Industrial Average racked up a fifth straight record high on Tuesday and neared the 22,000 mark, powered by Goldman Sachs, JPMorgan Chase and other banks.

Apple rose 0.89 percent as Wall Street awaited the largest publicly listed company's quarterly report after the bell, with the iPhone maker expected by analysts to post a 6-percent rise in revenue.

The S&P 500 information technology index is up 22 percent year to date, leading other sectors

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