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Equity Tips
Nifty opens at fresh record high, Sensex rises over 100 pts

Equity benchmarks started off Friday's session on a strong note after four-day consolidation, with the Nifty hitting fresh record high.

The 30-share BSE Sensex was up 132.12 points at 31,269.71 and the 50-share NSE Nifty rose 40.05 points to 9,656.15. About 433 shares advanced against 80 declining shares on the BSE.

Hero Motocorp, Adani Ports, Lupin, TCS, Bharti Airtel, Aurobindo Pharma and Eicher Motors were early gainers while Bajaj Auto lost 1.5 percent.

The Indian rupee has opened at 64.35 against the US dollar.

USD-INR pair continued to trade strong tracking global dollar weakness and in sync with other emerging markets currencies.

However, the gains are being capped by strong intervention, he added.

Raina expects the currency pair to trade in the 64.20-64.60 a dollar range today.

Positive global cues also supported the market. Asian markets were mostly in the green, after the release of strong private payrolls stateside and as President Donald Trump announced the US would be withdrawing from the Paris climate accord.

Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.
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