The market has opened higher on Monday. The Sensex is up
157.91 points or 0.6 percent at 24593.57 and the Nifty is up 46.10 points or
0.6 percent at 7468.55. About 870 shares have advanced, 130 shares declined,
and 35 shares are unchanged.
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Market Outlook:-
- The Indian rupee opened higher by 9 paise at 67.54 per dollar against 67.63 Friday.
- Asian stocks gained in early trade, relieved after seeing Wall Street rally overnight on the back of a sharp rise in crude oil prices.
- Market participants will continue to keep an eye on equity and oil moves through the day.
- Asian stocks moved further away on Monday from four-year lows struck last week, as the blizzard on the U.S. East coast pushed oil prices higher, relieving some of the bearish pressure on Wall Street and world markets.
- Crude oil futures extended gains on Monday following a surge at the end of last week on short-covering and fuel demand triggered by freezing weather in parts of the northern hemisphere.
- Gold steadied near a 1-1/2-week peak at just below $1,100 an ounce early on Monday, with investors eyeing whether equities will come under renewed pressure and refresh safe-haven demand for bullion.
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