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Equity Tips

Sensex up 100 pts, Nifty above 9150; Midcap outperforms, Infosys down

Equity benchmarks opened the week moderately higher on Monday as the Nifty is inching towards 9150 level, backed by HDFC Bank, Reliance Industries and L&T.

The 30-share BSE Sensex was up 48.41 points at 29,413.71 and the 50-share NSE Nifty gained 18.25 points at 9,137.65. About 872 shares advanced against 283 declining shares on the BSE.

The Indian rupee opened marginally higher at 64.55 per dollar today against Friday's closing value of 64.61.

Rupee is stuck in a tight range of 64.50-64.80/dollar and would trade in that range for the day.

He expects the rupee to continue to depreciate on the back of negative cues from global equity market and constant FII outflow.

Asian markets were mixed following the widely-expected results of the first round of presidential elections in France, with Emmanuel Macron and Marine Le Pen headed for a run-off on May 7.

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