The market has opened on a positive note. The Sensex is up 104.29 points at 27611.83 and the Nifty is up 32.40 points at 8316.40. About 715 shares have advanced, 164 shares declined, and 884 shares are unchanged.
BHEL, ONGC, Sesa Sterlite, Bharti Airtel and Tata Steel are major gainers while Tata Power, Coal India, Hindalco, Bajaj Auto and GAIL are laggards.
The Indian rupee opened lower by 8 paise at 63.43 per dollar versus 63.35 Thursday. Pramit Brahmbhatt of Veracity said, "Rupee is expected to depreciate as dollar demand from banks and oil importers would further hurt the rupee. Investors will trade cautiously ahead of US data due for the day. Rupee is expected to trade in a range of 63-63.70/dollar today."
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