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Nifty reclaims 8700, Sensex firm; Coal India, Glenmark gain

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The market extended upmove in opening trade today with the Nifty reclaiming 8700 level led by FMCG, IT and banks stocks. The Sensex rallied 122.87 points to 28639.46 and the Nifty climbed 38.65 points to 8698.95.

About 429 shares have advanced, 73 shares declined, and 92 shares are unchanged on the BSE.

Shares of Coal India, Tata Motors, Infosys, Tata Power, NTPC, HDFC Bank, ICICI Bank and Sun Pharma topped the buying list on Sensex. However, Bharti Airtel declined.

Glenmark Pharma gained 3.5 percent on approval from CCEA to hike FII limit in company.

The Indian rupee opened lower by 7 paise at 62.32 per dollar today against previous day's closing value of 62.25.

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