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The Indian Stock market has opened firmed with support from oil & metal stocks. The Sensex is up 107.73 points at 29107.87 and the Nifty is up 32.30 points at 8788.85. About 492 shares have advanced, 101 shares declined, and 137 shares are unchanged. ONGC, Tata Power, Cipla, Axis Bank and SBI are top gainers while Hero, ICICI Bank, NTPC, HDFC Bank and Coal India are major losers in the Sensex.
The Indian rupee opened flat at 61.66 per dollar against
61.67 Tuesday. The dollar nurses broad losses, having suffered its biggest
one-day fall in over a year as investors cut long positions. The market instead
snapped up commodity currencies on a further recovery in oil prices and a surge
in copper.
Global intraday markets are positive with the US markets rallying
more than a percent boosted by a surge in oil prices and alleviation of
concerns in the euro zone. European markets too gained with the Greek market
trading up 11 percent.
Asian Intraday markets are in the green with the
positive handover. In other asset classes, nymex crude surged 7 percent to USD
53 dollars per barrel, brent crude surged to USD 57.Gold struggled around USD
1260 per ounce as Greece’s plan to end a standoff with creditors lifted the
appetite for risky assets such as equities.
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