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Nifty hits 7900, Sensex continues to surge; HUL falls 1 pct

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New Delhi: The market on Thursday opened on a positive note as the Sensex traded up 103.90 points at 25700.92, and the Nifty surged 25.05 points at 7873.90.

ICICI Bank, BHEL, Cipla and Dr Reddy’s Lab are the top gainers while HDFC Bank, HUL and Infosys are the top losers.

Asian markets trading lower on Thursday, after US stocks dropped in reaction to disappointing earnings reports from key consumer discretionary and retail names. US stocks dropped on Wednesday and the Dow Jones industrial average suffered its worst day since February as feeble quarterly reports from Walt Disney, Macy’s and Fossil undermined confidence across the consumer sector.

The Indian rupee opened marginally weak at 66.63 per dollar on Thursday against previous close of 66.56.

According to the market experts, the currency markets have settled in a range after US Payroll data was marginally weaker than expected.

The dollar fell against a currency basket for the first time in seven days, as investors consolidated gains and booked profits on a day with no major US economic data and weak global cues. (ANI)

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