The Intraday market opens the week in red as it seems to be
in profit booking mode. The Sensex is up 8.91 points at 22412.80, and the Nifty
is down 13.15 points at 6681.65. About 4 shares have advanced, 1 shares
declined are unchanged. Reliance, HDFC Bank, ITC, TCS and Cipla are early
gainers while Suzlon is up 9 percent.
The Indian rupee opened with marginal gains of 7 paise at
60.09 per dollar versus 60.16 Friday.The dollar got off to a cautious start
having staged a curious reversal late last week that saw it erase all of the
gains sparked by a strong payrolls report.
In commodities, Brent prices rose as traders covered short
positions after fighting intensified between Ukraine and pro-Russian rebels,
while a positive US Jobs report supported US Crude prices.
From precious metals
space, gold rose over a percent on Friday, as rising geopolitical tensions and
heavy short-covering helped bullion reverse a sharp sell-off after encouraging
us nonfarm payrolls data. The yellow metal is now set for its biggest one-day
gain in two months.
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