Sensex
up 450 pts, Nifty above 12,100; banks, financials top support
Among the sectors, bank, finance, realty
and metal are up nearly 2 percent each. Teck and IT are in the red due to
rupee's rise against the dollar.
Market
update: The Indian market registered a strong
opening today in the light of positive global cues. An ebb in global crude oil
prices and rupee's rise against the US dollar also influenced the mood. Bank,
financials were among the top support for the market benchmarks
Nifty likely to reclaim 12,000-level;
GSPL, NIIT Tech top buys.Trends on SGX Nifty indicate a positive opening for
the index, with a 68 points gain
Rupee
Update: The Indian rupee rebounded on January 7,
opening higher by 17 paise following recovery in the crude oil prices and positive
trend in equity markets.The rupee started off trade at 71.76 against the US
dollar, versus Monday's close of 71.93 a dollar.
Stocks
in the news: HDFC Bank, PI Industries, Mishra
Dhatu, Sagar Cements, Avenue Supermarts
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