Financials' rally boosts Sensex by over 300 points; Nifty eyes 10,900
Market opens The Nifty has begun January series above 10,800, while the Sensex is higher by over 150 points.
All sectoral indices, barring metals, are trading in the green, with maximum gains visible among banks, pharmaceuticals and automobiles. The Nifty Midcap index is up half a percent.
The Sensex is up 163.11 points or 0.46% at 35970.39, while the Nifty is higher by 46.90 points or 0.44% at 10826.70. The market breadth is positive as 318 shares advanced, against a decline of 107 shares, while 23 shares were unchanged.
Asian Paints, Vedanta, Titan and Yes Bank gained the most, while Coal India, ONGC and BPCL lost the most.
Rupee Update The Indian rupee opened higher/lower at 70.05 per US dollar. This is an appreciation of 30 paise in the currency market.
Stocks in the News: Capital First, DHFL, Tata Global, Lemon Tree Hotels, Kansai Nerolac