Market Live: Nifty gains nearly 100 pts; Sensex up over 300 points; Axis Bank, ICICI Bank lead gainer.
All sectoral indices are trading in the green, with maximum gains coming in from banks, metals as well as automobiles.
Rupee Update: The rupee depreciated by 17 paise to 67.09 against the US dollar in early trade today after RBI's rate hike amid fresh demand for the American unit from importers and banks.
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Yesterday, the RBI hiked the policy rate for the first time in over four years - by 0.25 per cent - to curb inflationary pressures from high oil prices.
Weakness in the US dollar against other currencies, including the euro, limited the rupee's fall, analysts said
Weakness in the US dollar against other currencies, including the euro, limited the rupee's fall, analysts said
Market Update: The benchmark indices trading strong with Nifty gaining nearly 100 points and Sensex above 35,500. The realty index outperform the sectoral indices with over 2 percent gain.
The Sensex is up 324.51 points or 0.92% at 35503.39, and the Nifty up 94.30 points at 10779.00.
About 1710 shares have advanced, 463 shares declined, and 98 shares are unchanged.
Market Opens: It has been a good start to the market, with the Sensex rising over 150 points in the opening tick, while the Nifty opened above 10,700-mark.
The Sensex is up 155.26 points or 0.44% at 35334.14, while the Nifty is up 46.20 points or 0.43% at 10730.90. The market breadth is positive as 256 shares have advanced, against a decline of 72 shares, while 38 shares are unchanged.
All sectoral indices are trading in the green, with maximum gains coming in from banks, metals as well as automobiles. Midcaps, too, have seen a strong start; Nifty Midcap index is up over half a percent this morning.
ICICI Bank, IndusInd Bank, and Hindalco gained the most on both indices, while Wipro, Coal India, and Bharti Airtel have lost the most.
Rupee Update: The Indian rupee opened flat at 66.93 per dollar on Thursday against previous close 66.92.
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The Sensex is up 324.51 points or 0.92% at 35503.39, and the Nifty up 94.30 points at 10779.00.
About 1710 shares have advanced, 463 shares declined, and 98 shares are unchanged.
Market Opens: It has been a good start to the market, with the Sensex rising over 150 points in the opening tick, while the Nifty opened above 10,700-mark.
The Sensex is up 155.26 points or 0.44% at 35334.14, while the Nifty is up 46.20 points or 0.43% at 10730.90. The market breadth is positive as 256 shares have advanced, against a decline of 72 shares, while 38 shares are unchanged.
All sectoral indices are trading in the green, with maximum gains coming in from banks, metals as well as automobiles. Midcaps, too, have seen a strong start; Nifty Midcap index is up over half a percent this morning.
ICICI Bank, IndusInd Bank, and Hindalco gained the most on both indices, while Wipro, Coal India, and Bharti Airtel have lost the most.
Rupee Update: The Indian rupee opened flat at 66.93 per dollar on Thursday against previous close 66.92.
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Near-month dollar-rupee June contract on the NSE was at 67.08 in the previous session. June contract open interest declined 2.11% in the previous day.
We expect the USD-INR to find supports at lower levels. Utilise downsides in the pair to initiate long positions, said ICICIdirect.
We expect the USD-INR to find supports at lower levels. Utilise downsides in the pair to initiate long positions, said ICICIdirect.
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