Market Live:
Nifty opens above 11,500 for first time, Sensex at record high; L&T rises
5%, Infosys falls 3%
Strong start for
the D-Street, following positive global cues as Nifty surpassed 11,500 for the
first time, while the Sensex is up around 150 points.
Among sectors,
barring IT indices all other sectoral indices are trading higher led by metal,
bank, energy, infra and pharma. The Nifty Midcap index is also up over half a
percent.
At 09:16 hrs IST,
the Sensex is up 154.63 points or 0.41% at 38102.51, and the Nifty up 41.40
points or 0.36% at 11512.20. About 688 shares have advanced, 243 shares
declined, and 57 shares are unchanged.
Infosys shed 3
percent of CFO resignation, while shares of Yes Bank, RIL, Future Retail are
among major gainers. L&T surged 4 percent as board to consider buyback on
August 23.
The Indian rupee gained in the early
trade on Monday. It has opened strong at 69.83 per dollar, a gain of 32
paise versus previous close 70.15.
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