The market has opened with smart gains. The Sensex is up 133.99 points or 0.5 percent at 26820.50, and the Nifty up 34.85 points or 0.4 percent at 8082.15. About 486 shares have advanced, 97 shares declined, and 67 shares are unchanged. Tata Steel, Infosys, HDFC, Cipla and Axis Bank are top gainers in the Sensex. Among the losers are Vedanta, NTPC, M&M, Tata Power and GAIL. The Indian rupee opened marginally higher at 64.18 per dollar against previous close of 64.24.
The dollar edges higher, as US housing data encouraged speculation that the Federal Reserve will soon raise interest rates and it was further strengthened by worries that Greece was tilting towards debt default dragged on the euro. The dollar index inches towards the 95 mark. This will prompt foreign investors to sell their investments in emerging markets, including India and channel their investments back to the US."
For Quick Trial – 8962000225 ✔
or mail us here: info@ways2capital.com
or visit http://www.ways2capital.com/
✆ - 0731-6554125 | Toll Free - 1800-3010-2007
0 comments:
Post a Comment