Market pushes quest for more gains; Sensex up 0.1%
Indian shares were trading mildly higher at open, a day after equities rounded off another day of gains and a fresh all-time high yesterday.
In Mumbai trading,
the BSE Sensex was up 0.2 percent, or 59 points, to 28,235 while the NSE Nifty
was up about 0.1 percent, or 8 points, to 8,439. Both indices made fresh
intra-day highs early.
Stocks gained in late trade Monday after treading water
through the day, as better than expected trade balance data reiterated the
increasing comfort with India’s external balance position.
However, weak exports (which were offset by even weaker
imports) remained a cause of worry and this was visible in the rupee, which was
down versus the US dollar.
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