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The Intraday market has opened higher riding
high on strong global cues. The Sensex is up 392.57 points or 1.5 percent at
26107.23 and the Nifty is up 127.90 points or 1.6 percent at 7919.75. About 461
shares have advanced, 64 shares declined, and 14 shares are unchanged. ONGC,
M&M, Bharti Airtel, Hindalco and Bajaj Auto are top gainers in the Sensex.
The Indian rupee gained past 66 a dollar in early trade following rally in global equity markets. The currency appreciated by 20 paise to open at 65.94 per dollar against previous day's closing value of 66.14 a dollar. The Indian stock market opened with a big positive gap this morning, on positive global cues.
The Sensex zoomed to 26,170.39 in a flash, gaining over 450 points in the process, and is currently up 332.65 points or 1.29% at 26,047.31. The Nifty is up 104.75 points or 1.34% at 7896.60. Some severely battered down bank, realty; capital goods, IT and healthcare stocks are expected to rise sharply this morning. Investors may choose to stay cautious at higher levels and this could cap market's upside to an extent.
The Indian rupee gained past 66 a dollar in early trade following rally in global equity markets. The currency appreciated by 20 paise to open at 65.94 per dollar against previous day's closing value of 66.14 a dollar. The Indian stock market opened with a big positive gap this morning, on positive global cues.
The Sensex zoomed to 26,170.39 in a flash, gaining over 450 points in the process, and is currently up 332.65 points or 1.29% at 26,047.31. The Nifty is up 104.75 points or 1.34% at 7896.60. Some severely battered down bank, realty; capital goods, IT and healthcare stocks are expected to rise sharply this morning. Investors may choose to stay cautious at higher levels and this could cap market's upside to an extent.
