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In Today Equity benchmarks as well as broader markets continued to be range bound. The Sensex rose 16.54 points to 27844.98 and the Nifty gained 5.55 points at 8439.20. About 1084 shares have advanced, 931 shares declined, and 121 shares are unchanged on the Bombay Stock Exchange. Pharma and financial services were likely to see strong growth this year and that IT services firms could surprise positively.
Index heavyweights Reliance Industries, ITC and Infosys gained 1-2 percent followed by HDFC with 0.6 percent gain.The market has opened on a flat note. Sun Pharma is down 5 percent while Bharti, Cipla, Dr Reddy's Labs and BHEL are among laggards in the Sensex. Among the gainers are L&T, Vedanta, Infosys, HDFC and SBI. The Indian rupee opened flat at 63.80 per dollar on Monday versus 63.81 Friday.
The dollar index mixed with month-end selling after a recent rally - dollar index at around 97 levels.India's largest car maker Maruti Suzuki sold 1, 14,825 units in May, a growth of 13.8 percent compared to 1, 00,925 units sold in the year-ago period, driven by exports as well as domestic sales growth. Export during the same period grew by 20.3 percent to 12,466 units and domestic sales rose by 13 percent to 1, 02,359 units, Maruti said in its filing.