Intraday Market Live News By CapitalHeight

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Market Opening News:-

The Nifty hit 7800 briefly. The 50-share index is up 87.95 points or 1.1 percent at 7796.90. The Sensex is up 311.03 points or 1.2 percent at 25456.62, and the Nifty up 87.95 points or 1.1 percent at 7796.90. About 1067 shares have advanced, 155 shares declined, and 27 shares are unchanged.

          Market has opened on strong note building hopes of a good monsoon predicted by the weather department. The Sensex is up 301.24 points or 1.2 percent at 25446.83, and the Nifty up 82.80 points or 1 percent at 7791.75. About 701 shares have advanced, 81 shares declined, and 22 shares are unchanged.

           ICI Bank, Wipro, Hindalco, ONGC and SBI are top gainers.

The Indian rupee gained in the early trade. It has opened higher by 8 paise at 66.35 per dollar versus 66.43 Tuesday.

           The dollar rebounded from a more than seven-month low against a basket of currencies led by gains versus the safe-haven yen. Gains in oil also drove a rally in commodity-linked currencies such as the Australian and Canadian dollars.

          Asia markets traded higher, after a rise in oil prices powered gains in US equities overnight. The US market also ended higher following a surge in energy stocks. The Dow Jones closed up in triple digits.

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The Intraday market continued to see selling pressure amid consolidation. The Sensex fell 31.86 points to 27799.68 and the Nifty declined 15.35 points to 8451.20, dragged by FMCG, HDFC twins, capital goods and select autos. However, technology and Pharma gained strength on further weakness in rupee. The broader markets recouped early losses, up marginally. About 1068 shares have advanced, 792 shares declined, and 68 shares are unchanged on the Bombay Stock Exchange.
Cipla and Sun Pharma topped the buying list, up more than 2 percent followed by ICICI Bank, Lupin, Reliance Industries, Infosys, Wipro, Dr Reddy's Labs, Tata Motors, TCS and Vedanta with 0.2-1 percent upside. However, Bharti Airtel plunged nearly 3 percent. HDFC Bank, HDFC, ITC, Larsen & Toubro, Axis Bank, M&M, HUL, Hindalco and Coal India declined 0.5-1 percent. Bharti Airtel, Hindalco, M&M, Coal India and HDFC Bank are losers while Pharma stocks are still on buyers' radar.
Majesco, the insurance subsidiary of Mastek, has opened at Rs 316 against previous close of Rs 438.05 on the National Stock Exchange. The stock rallied 5 percent to Rs 331.80 compared to its opening price.
The Indian rupee has touched a fresh two-year low in early trade. It has opened lower by 10 paise at 65.40 per dollar on Wednesday against Monday's closing value of 65.32 a dollar. The currency market was shut on Tuesday.