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Sensex, Nifty continue to gain on Asian cues; L&T, Bharti down

Equity benchmarks continued to consolidate with a positive bias after hitting a fresh 52-week high on the Nifty. The broader markets also traded in line with benchmarks, up 0.4 percent.

The 30-share BSE Sensex was up 122.11 points at 28200.46 and the 50-share NSE Nifty gained 31.80 points at 8714.95. The market breadth remained positive as about two shares declined for every share falling on the Bombay Stock Exchange.

Reliance Industries, HDFC, Infosys, HDFC Bank, Lupin and Tata Motors were top contributors to Sensex's gains. L&T, Bharti Airtel, Asian Paints, NTPC and Sun Pharma were losers in early trade.

The market has opened higher on Monday. The Nifty has opened at new 52-week high with the 50-share index up 26.95 points or 0.3 percent at 8710.10 and the Sensex is up 113.53 points or 0.4 percent at 28191.88. About 409 shares have advanced, 101 shares declined, and 37 shares are unchanged.

The Indian rupee opened lower by 8 paise at 66.85 per dollar on Monday versus previous close 66.77. Dollar gained ground versus the yen amid the bigger-than-estimated increase in American payrolls.

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