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Nifty reclaims 8800, Sensex firm in opening on Asian cues - 10 Feb 2017

Equity Tips
Equity benchmarks opened moderately higher on last day of the week, with Sensex rising 88.56 points at 28418.26, tracking positive Asian cues and ahead of Q3 earnings.

The 50-share NSE Nifty reclaimed 8800 level, up 35.35 points at 8813.75.The market breadth was also strong in opening as about 770 shares advanced against 247 declining shares on the Bombay Stock Exchange.

Tata Steel, SBI, NTPC, Wipro, Bharti Airtel, Grasim and Power Grid Corp were early gainers while M&M, Tata Motors, ICICI Bank, Aurobindo Pharma and BPCL were under pressure.

The Indian rupee has opened marginally higher at 66.81 per dollar today against previous close of 66.84.

He expects the pair to trade in the 66.60-67/dollar range for today.Dollar gained after comments from US President Donald Trump that he would make a major announcement on a "phenomenal"

Asian markets were trading higher, with the Japan's Nikkei rising more than 2 percent and China's Shanghai up 0.4 percent.

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