All sectoral indices are trading in the green, with gains in pharma, metals, energy and auto names, while midcaps have seen a strong start as well.
Market opens: After a weak two sessions, equity benchmarks on Friday morning have started the day on a good note.
At 09:15 hrs IST, the Sensex is up 182.90 points or 0.49% at 37348.06, while the Nifty is up 60.40 points or 0.54% at 11305.10. The market breadth is positive as 451 shares advanced, against a decline of 96 shares, while 41 shares are unchanged.
All sectoral indices are trading in the green, with gains in pharma, metals, energy and auto names, while midcaps have seen a strong start as well. The Nifty Midcap index is up over 0.6 percent.
Rupee Opens: The Indian rupee opened flat at 68.69 per dollar on Friday versus 68.70 yesterday.
Rupee fell sharply following broad strength in the US dollar against its major crosses after the Federal Reserve held rates unchanged but hinted towards gradual rate hike in the coming months. Earlier this week, RBI in its policy statement considered raising rates by 25bps but retained its neutral stance as it aimed to contain inflation while not choking growth, said Motilal Oswal.
While the RBI marginally trimmed its inflation projections for the current quarter, the central bank said its inflation projections beyond that remain “broadly unchanged. Today, USD-INR pair is expected to quote in the range of 68.50 and 68.90-69.05, it added.
Market at pre-open: Pre-opening trends suggest that the Sensex and Nifty are likely to have strong start, with the Nifty trading around 11,300-mark.
At 09:01 hrs, the Sensex is up 198.19 points at 37363.35, and the Nifty up 97.80 points at 11342.50.
ONGC, Kotak Mahindra Bank are higher in pre-opening trade.
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