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The BSE Sensex opened 31.22 points up at 28,083.08, while NSE Nifty opened 15.80 points up at 8,654.30. The Nifty hits 8,700 mark for the first time since April 16, 2015. The market rallied on strong buying in metal, energy, auto and capital goods stocks.
On the economy front, India's Manufacturing PMI inched up to 51.8 points in July against 51.7 in the previous month, indicating a further improvement in overall business conditions across the sector.
The S&P BSE Sensex is trading at 28,209 up 157 points, while NSE Nifty is trading at 8,690 up 51 points. The BSE Mid-cap Index is trading up 1.05% at 12,794, whereas BSE Small-cap Index is trading up 0.81% at 12,410. TCS, Bajaj Auto, Wipro, Maruti Suzuki, Tata Motors and Tata Steel are among the gainers, whereas ICICI Bank, L&T, Lupin, Coal India, NTPC and Sun Pharma are losing sheen on BSE.
All the BSE sectoral indices were trading in the positive territory except capital goods is trading in red. Some buying activity is seen in metal, auto, basic materials, telecom, oil & gas, power and IT sectors. The INDIA VIX is down 0.72% at 14.8100. Out of 1,842 stocks traded on the NSE, 559 declined, 982 advanced and 301 remained unchanged today.
A total of 70 stocks registered a fresh 52-week high in trades today, while nine stocks touched a new 52-week low on the NSE. The Indian rupee opened higher by 22 paise at 66.80/$ against US Dollar Monday as against the previous close of 67.
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