Indian Share Market Tips Updates: Sensex, Nifty rise in early trade

The Intraday market has opened at a slightly higher level. The Sensex is up 114.17 points at 24412.19, and the Nifty is up 37.05 points at 7289.95. About 645 shares have advanced, 65 shares declined, and 14 shares are unchanged. Gold jewellery stocks are in focus as the central bank has marginally eased the import squeeze on gold.

Rules have been eased for intraday trading houses to import gold under the 20:80 scheme. Bajaj Auto, Coal India, Maruti Suzuki, Hindalco and Tata Power are top gainers in the Sensex. Among the losers are Bharti Airtel, Hero MotoCorp, HDFC Bank and Tata Motors.

The Indian rupee has opened higher at 58.60 per dollar on Thursday, up 17 paise compared to previous day's closing value of 58.77 a dollar.Asian equity markets are following suit with the Nikkei trading higher as the yen bounced off a three-and-a-half month high of 100.8.

In current intraday market the Sensex jumped 165.26 points to 24463.28 and the Nifty advanced 43.10 points to 7296. About 1892 shares have advanced, 448 shares declined, and 74 shares are unchanged. Index heavyweights Reliance Industries and L&T gained over 1.7 percent while top lenders State Bank of India and ICICI Bank rose over a percent.

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