Equity benchmarks as well as broader markets rebounded after three-day consolidation despite mixed Asian cues. Investors awaited TCS earnings due later today.
The 30-share BSE Sensex was up 106.04 points at 29,519.70 and the 50-share NSE Nifty rose 28.55 points to 9,167.85. About 768 shares advanced against 209 declining shares on the BSE.
GAIL extended rally, up nearly 2 percent followed by Hindalco, Tata Steel, NTPC, BHEL, Adani Ports, IOC and HCL Technologies while Coal India, M&M, Cipla, Bharti Airtel, Eicher Motors and HDFC were losers.
The Indian rupee opened flat at 64.50 per dollar today against previous close of 64.51.
Bhaskar Panda of HDFC Bank says on the downside, 64.30/dollar is getting protected. Selling pressure also comes in while the pair rally.
Today USD-INR pair is expected to trade within a range of 64.35-64.55/dollar after opening around 64.45/dollar, he feels.
The US dollar fell against other major currencies amid rising geopolitical tensions in the Korean Peninsula.
Asian shares were mixed as geopolitical tensions took a backseat following a failed missile test by North Korea at the weekend and as US Vice President Mike Pence continues his tour of Asia.
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