Trading got off to a buoyant start on the Indian bourses this morning with the rupee gaining in strength against the U.S. dollar. A positive trend in global markets too contributed to the bright start.
The rupee opened at 64.39 against the greenback, up 85 paise from its previous close, and then moved further to 64.19.
The BSE benchmark Sensex is up 356 points or 1.85% at 19,626.06, off an early high of 19721.33. The Nifty index of the National Stock Exchange, which rose to 5814.85, is currently up 113.55 points or 2% at 5793.95.
Automobile, bank, capital goods, realty and FMCG stocks are up sharply. Stocks from power, information technology and metal sectors too have posted notable gains. Select healthcare and oil stocks are up as well.
Besides several large cap stocks, scores of midcap and smallcap stocks too have moved up sharply in opening trades. The market breadth is quite strong.
Tata Motors, HDFC and Bharti Airtel are up 4.3% - 4.5%. Maruti Suzuki is trading higher by 3.2%. State Bank of India, Larsen & Toubro, Hero Motocorp, HDFC Bank, Wipro, Bajaj Auto, ITC, NTPC, Infosys and Coal India are trading higher by 1.7% - 2.7%.
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