Sensex, Nifty hold early gains; HDFC, Axis Bank, ONGC lead
Equity benchmarks maintained early gains with the Sensex rising over 150 points, led by oil, auto, infra, technology and select FMCG stocks. The broader markets also gained, rising 0.4 percent.
The 30-share BSE Sensex climbed 154.47 points to 25807.70 and the 50-share NSE Nifty advanced 46.45 points to 7907.20. The market breadth remained positive as about two shares advanced for every share declining on Bombay Stock Exchange.
Axis Bank and ONGC rallied more than 2 percent followed by HDFC and Bharti Airtel with over a percent upside while SBI and ICICI Bank lost early gains.
The Indian rupee opened marginally higher by 6 paise at 66.74 per dollar against previous close of 66.80.
"The USD has been strengthening since last week against high beta commodity currencies and the Yen, as energy prices touch 6-month highs."