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Equity Tips

The market opened in green riding high on positive global markets. The Sensex is up 140.51 points or 0.5 percent at 26665.97, and the Nifty up 35.90 points or 0.4 percent at 8176.65. About 393 shares have advanced, 82 shares declined, and 28 shares are unchanged.

Dr Reddy's Labs, Tata Motors, HDFC, Maruti and Tata Steel are top gainers in the Sensex.

The Indian rupee opened flat at 67.20 per dollar on Friday versus previous close of 67.21. The yen is headed for a 2.4 percent advance in the week after the Bank Of Japan standing pat on stimulus furthered a rally ignited by a tick-up in risk aversion. The dollar index rebounds to 94.4 levels

"Rupee to trade with a positive bias for the day. A little recovery in domestic equity market will help the rupee to move higher."

Asia markets opened higher on Friday marked by volatility amid concerns. Investor sentiment in Asia also received a boost after US stocks ended a five-day losing streak to close higher. Japanese shares received a boost from a relatively weaker yen, as the benchmark Nikkei 225 was up 1.54 percent. Across the Korean Strait, the Kospi was up 0.82 percent.

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