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The Intraday market has kick-started the truncated week with some gains supported by strong global cues. The Sensex is up 89.27 points at 29184.20 and the Nifty is up 25.90 points at 8831.40. About 489 shares have advanced, 194 shares declined, and 127 shares are unchanged. Hindalco is up 3 percent while Sesa Sterlite, HDFC Bank, SBI and ICICI Bank are top gainers in the Sensex. Among the losers are Sun Pharma, Hero Motocorp, ONGC, Bharti Airtel and HUL.
The Indian rupee opened marginally higher at 62.15 per dollar versus 62.20 Friday. The pound scaled a six-week peak following recent hawkish-sounding comments from the Bank of England, while the other major currencies were subdued. Asian Intraday markets turned higher early with Japanese shares charging up to an 8-year high, shrugging off weaker-than-expected growth figures released before the market opened.
Globally, it was a strong close for the US markets on Friday. Dow crossed the 18,000 mark and the S&P set a new record. In commodities, Brent hit an eight-week high above USD 62 a barrell after another drop in the US rig count. From the precious metals space, gold prices continued to hover around USD 1230 an ounce.
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The Intraday market has kick-started the truncated week with some gains supported by strong global cues. The Sensex is up 89.27 points at 29184.20 and the Nifty is up 25.90 points at 8831.40. About 489 shares have advanced, 194 shares declined, and 127 shares are unchanged. Hindalco is up 3 percent while Sesa Sterlite, HDFC Bank, SBI and ICICI Bank are top gainers in the Sensex. Among the losers are Sun Pharma, Hero Motocorp, ONGC, Bharti Airtel and HUL.
The Indian rupee opened marginally higher at 62.15 per dollar versus 62.20 Friday. The pound scaled a six-week peak following recent hawkish-sounding comments from the Bank of England, while the other major currencies were subdued. Asian Intraday markets turned higher early with Japanese shares charging up to an 8-year high, shrugging off weaker-than-expected growth figures released before the market opened.
Globally, it was a strong close for the US markets on Friday. Dow crossed the 18,000 mark and the S&P set a new record. In commodities, Brent hit an eight-week high above USD 62 a barrell after another drop in the US rig count. From the precious metals space, gold prices continued to hover around USD 1230 an ounce.
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