Nifty starts
week above 10,900, Sensex rises over 200 points; Sun Pharma down 8%
Market opens The market has had a good start on Monday
morning, with the Nifty trading above 10,900, while the Sensex gained over 200
points.
Metals are trading
strong, followed by consumption and banking names, while IT stocks are
performing well too. The Nifty Midcap is up over half a percent.
The Sensex is up
234.77 points or 0.65% at 36429.07, and the Nifty is higher by 54.60 points or
0.50% at 10931.40. The market breadth is positive as 393 shares advanced,
against a decline of 116 shares, while 34 shares were unchanged.
Vedanta, Yes Bank,
and Hindalco were the top gainers, while Sun Pharma, Hero MotoCorp, and HPCL
lost the most.
Rupee Opens: The Indian rupee opened lower by
28 paise at 69.87 per dollar on Monday versus Friday's closing
69.59.
Stocks in the News: Tata Motors, SpiceJet, Maruti, Escorts,
Biocon, Laurus Labs, Prakash Industries
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