Sensex, Nifty open firm; SBI gains
2%, BHEL drags 5%
The market has opened
higher. The Sensex is up 71.07 points at 28876.17 and the Nifty is up 29.95
points at 8741.50. About 464 shares have advanced, 144 shares declined, and 136
shares are unchanged.
The S&P BSE Sensex raised
as much as 110 points in trade on Friday on positive macro economic data and
global cues. The rally in the index was led by gains in ICICI Bank, Reliance
Industries, Sun Pharma, SBI and L&T.
SBI is up 2 percent while
ICICI Bank, Hero, Dr Reddy's Labs, and Sun Pharma. BHEL is down 5 percent and
Coal India, ONGC, Infosys and M&M are losers in the Sensex.
Reviving hopes of
manufacturing recovery, industrial production grew at five-month high of 3.8
per cent in November last year, but retail inflation inched up to 5 per cent in
December.
The Indian rupee gained in early trade. It rose 18 paise to 62.13 per dollar against 62.31 Thursday. The dollar drops across the board after weaker-than-expected US economic data.
Stock Trading Tips:
The Indian rupee gained in early trade. It rose 18 paise to 62.13 per dollar against 62.31 Thursday. The dollar drops across the board after weaker-than-expected US economic data.
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