Nifty above 8250, Sensex climbs over 100 pts; Infosys gains 1%
The market has opened in green. the Sensex is up 105.04 points or 0.4 percent at 26831.59, and the Nifty is up 31.95 points or 0.4 percent at 8268. About 601 shares have advanced, 154 shares declined, and 280 shares are unchanged.
Tata Motors, Infosys, ICICI Bank, Axis Bank and Bajaj Auto are top gainers while Dr Reddy's Labs and Bharti Airtel are losers in the Sensex.
The Indian rupee has opened higher by 13 paise at 68.08 per dollar against previous close 68.21.
Dollar Index has been taking a beating after recent highs. Given this background, the USD-INR pair is expected to trade within a range of 67.90-68.20/dollar today,
US dollar weakened against the safe-haven yen as investors' reduced appetite for risk. The pound declined to more than two-month lows on talk that Britain would drastically rework trade ties with the European Union after Brexit.
Asian markets started on the back foot, after the Dow retreated further from the 20,000 mark and oil prices plunged as much as 4 percent overnight. Australia's ASX 200 was down 0.46 percent in early trade, weighed heavily by losses in its energy sub-index as oil prices plunge.