The market started off the truncated week on a positive note after a long weekend, with the Sensex rising more than 100 points despite mixed Asian cues.
The 30-share BSE was trading at 30,029.76, up 111.36 points or 0.37 percent over previous close while the 50-share NSE Nifty was at 9,332.75, up 28.70 points or 0.31 percent.
Maruti Suzuki share price hit fresh record high of Rs 6,700, up 2 percent after showing 19.5 percent growth in April auto sales while Tata Motors fell nearly a percent.
HDFC, L&T, Asian Paints, ITC and ICICI Bank were other gainers while Reliance Industries and HDFC Bank were losers.
The Indian rupee opened marginally higher at 64.18 per dollar today against Friday's closing value of 64.24.
Bhaskar Panda of HDFC Bank says the USD-INR pair has been consolidating above the 64/dollar mark.
Today, he expects the pair to start around 64.25/dollar level and trade in an intraday range of 64.15-64.35/dollar range.
The dollar hit a one-month high against the yen today, lifted by treasury yields which surged after US Treasury Secretary Steven Mnuchin commented on the possibility of Ultra long-term bond issuance.
Asia markets were mixed as most major exchanges resumed after being shut for a public holiday on Monday.
Japan's Nikkei 225 climbed 0.7 percent while across the Korean Strait, the Kospi was up by 0.8 percent. In Hong Kong, the Hang Seng index rose 0.24 percent and Singapore's STI was up 0.95 percent. China's Shanghai Composite was down 0.25 percent.
Trend in FII flows: The FIIs were Net Value of Rs 306.11 the cash segment on Friday while the DIIs were Net Value of Rs 176.19 as per the provisional figures.
ReplyDeletecapitalstars payment