The market has opened in green territory. The Sensex is up 89 points or 0.3 percent at 28287.29. The Nifty is up 31.15 points or 0.4 percent at 8554.95. About 617 shares have advanced, 149 shares declined, and 71 shares are unchanged. Tata Steel, Axis Bank, ONGC, HDFC and Bajaj Auto are top gainers in the Sensex. Among the losers are HUL, BHEL, Hero, M&M and NTPC. The Indian rupee opened lower in early trade. It slipped 9 paise to 63.50 per dollar against previous day's closing value of 63.41 a dollar.
Asian markets have opened higher this morning as Athens approved the bailout plan. The Nikkei moves higher for a fourth day and has now moved to a new two-week high as investors cheered a weaker currency. The yen is at a 3 week low. US stocks closed mildly lower as investors continue to focus on Greece. Meanwhile US Federal Reserve Chairman Janet Yellen reiterates last Friday’s statement that the central bank is on pace to raise rates this year if the economy evolves as expected.
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