Business news Stock market trading starts on green mark; sex rose 100 points

Indian stock indices opened marginally higher for the fifth consecutive trading session on Monday, led by shares of banking, energy and auto companies. Whereas Asian stock markets remained sluggish due to the latest US economic data reducing expectations of interest rate cut.

At 9.20 am, BSE Sensex was trading 82 points or 0.11% higher at 72,509. Nifty50 was seen trading at 22,083 with a gain of 43 points or 0.19%. Among Sensex companies, NTPC, Bharti Airtel, Power Grid, SBI, ITC and Nestle opened in the green, while Wipro, TCS, L&T, IndusInd Bank and Tech Mahindra remained in the red.

Among individual stocks, LIC opened nearly 9 per cent higher after receiving refund orders worth Rs 21,741 crore from the Income Tax Department. Shares of Paytm opened in the 5% upper circuit after the Reserve Bank of India (RBI) gave more time to Paytm Payments Bank to shut down its operations. The company said it has signed with a new banking partner to settle merchant payments.