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The
Intraday trading market has opened on a higher note. The Sensex is up 99.61
points at 27471.45, and the Nifty is up 29.80 points at 8255.00. About 437
shares have advanced, 166 shares declined, and 31 shares are unchanged. Sesa
Sterlite and Bajaj Auto are up 2 percent each. HDFC Bank, Tata Power and SBI
are other gainers in the Sensex. Hindalco, ITC, Cipla and HUL are among the
laggards.
The Indian rupee opened flat at 63.30 per dollar against 63.29 Friday. The euro is at fresh two-year lows in a subdued start to a holiday-shortened week, extending a multi-month trend of weakness against the dollar. Global cues, meanwhile, are positive with the US market ending higher with the S&P 500 rallying its second best week in nearly two years. European shares closed mixed on Friday, with Italian banking stocks and the healthcare sector weighing on wider benchmarks.
Asian stocks are in the green over a bounce in oil markets and over gains seen on the Wall Street. Brent Crude bounced higher as selling pressure from a six-month price rout eased helped by fresh buying in the US Crude before the expiry of the front-month contract. Gold was soft below USD 1200 dollars an ounce, as the dollar is firm and investor appetite for risk increases on expectations of rising US interest rates.
The Indian rupee opened flat at 63.30 per dollar against 63.29 Friday. The euro is at fresh two-year lows in a subdued start to a holiday-shortened week, extending a multi-month trend of weakness against the dollar. Global cues, meanwhile, are positive with the US market ending higher with the S&P 500 rallying its second best week in nearly two years. European shares closed mixed on Friday, with Italian banking stocks and the healthcare sector weighing on wider benchmarks.
Asian stocks are in the green over a bounce in oil markets and over gains seen on the Wall Street. Brent Crude bounced higher as selling pressure from a six-month price rout eased helped by fresh buying in the US Crude before the expiry of the front-month contract. Gold was soft below USD 1200 dollars an ounce, as the dollar is firm and investor appetite for risk increases on expectations of rising US interest rates.
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