Nifty reclaims 8250, Sensex continues to gain; auto, metal up
The market has opened on a positive note Thursday. The Sensex is up 127.51 points or 0.5 percent at 26760.64, and the Nifty up 38.85 points or 0.5 percent at 8229.35. About 704 shares have advanced, 103 shares declined, and 459 shares are unchanged.
Tata Motors, Sun Pharma, Tata Steel, ICICI Bank and ONGC are top gainers while Bharti and Lupin are losers in the Sensex
The Indian rupee gained in the early trade. It has opened higher by 15 paise at 67.90 per dollar versus 68.05 Wednesday.
"Dollar strength has paused as market reassess the number of likely Fed rate hikes in 2017. FOMC minutes indicate that future monetary policy stance will be a function of fiscal policy stance of Trump Government.”
Asian stocks edged higher, underpinned by a firm Wall Street after minutes from the Federal Reserve's December meeting suggested a less hawkish stance from policymakers.