Nifty above 8750, Sensex picks pace; GAIL, BHEL, HUL top gainers
The market is gradually picking as the Sensex is up 95.11 points or 0.3 percent at 28316.09, and the Nifty up 28.95 points or 0.3 percent at 8772.90. About 1471 shares have advanced, 545 shares declined, and 86 shares are unchanged.
GAIL, Reliance, BHEL, ONGC and HUL are top gainers in the Sensex while Axis Bank, Infosys, Adani Ports, Coal India and Dr Reddy's Labs are losers in the Sensex.
The market has opened in green. The Sensex is up 86.22 points or 0.3 percent at 28307.20, and the Nifty is up 24.75 points or 0.3 percent at 8768.70. About 448 shares have advanced, 90 shares declined, and 28 shares are unchanged.
The Indian rupee opened marginally lower at 66.56 per dollar on Thursday versus 66.50 Wednesday.
"Dollar has been strengthening this week against most currencies with rising expectations of a Fed rate hike in December."
"Rupee however has been resilient in a range. USD-INR trading range for the day seen between 66.40-66.65/dollar,"
Asian shares firmed encouraged by stronger US economic data and a rise in oil prices, while growing prospects of a US rate hike hit gold and the boosted the dollar to one-month highs versus the yen. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.2 percent while Japan's Nikkei gained 0.9 percent.