Sensex extends gains; Nifty reclaims 9550 ahead of F&O expiry
Equity benchmarks opened strong on Thursday ahead of expiry of June F&O contracts later today and due to positive global cues.
The 30-share BSE Sensex was up 146.19 points at 30,980.51 and the 50-share NSE Nifty rose 44.90 points to 9,536.15.
Axis Bank, Infosys, Tata Motors DVR, Infosys, Tata Steel, Bharti Infratel, Eicher Motors, Bank of Baroda and L&T were trading higher in early trade while Bank Nifty gained 100 points.
Nifty Midcap rose more than 100 points as about six shares gained for every share falling on the NSE.
Tinplate, Goa Carbon, Amtek Auto, Metalyst Forgings, Jaypee Infratech, Jaiprakash Associates, Mindtree, Hexaware, Jet Airways, SpiceJet, Shree Renuka, Bajaj Hindusthan, Sintex and India Cements rallied 1-5 percent. However, RCF fell 5 percent on offer for sale issue.
The Indian rupee has opened higher by 9 paise at 64.46 per dollar against previous close of 64.55.
The dollar fell close to one-year lows against the euro and slipped against sterling as investors priced in tighter monetary policy in Europe.
Asian bourses traded higher, taking cues from a stronger finish in US markets, with traders expected to digest comments from top central bankers overnight.
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