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Equity Tips

Sensex up 180 points, Nifty touches 8950; Bharti, CIL gain

The market on Monday opened in the green, with the Nifty reclaiming its 8900-mark on the back of positive cues from the GST Council meet.

The 30-share Sensex was up 94.50 points at 28926.95, while the Nifty was up 29.05 points at 8926.60. The market breadth remained healthy with 662 shares having advanced, 177 shares having declined. Meanwhile, 44 shares are unchanged.

Coal India and Bharti Airtel were the top gainers on both the indices, while IT stocks Infosys and TCS were under pressure and were the top losers.

The Indian rupee opened marginally higher at 66.77 per dollar on Monday versus Friday's close 66.81. Pramit Brahmbhatt of Veracity said, "The rupee will take cues from the equity market and trade with a positive bias for the day. We expect the USD-INR pair to trade in a range of 66.50-67/dollar for the day."

The Asian markets were under pressure following launch of ballistic missiles by North Korea in Japan’s Exclusive Economic Zone. The Nikkei was lower by 100 points in early morning trade.

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