Financials News

Sensex, Nifty open with gains; SBI top gainer

Sensex, Nifty open with gains; SBI top gainer

New Delhi: The market on Monday opened strong supported by index heavyweights. The Sensex moved up 111.59 points or 0.4 percent at 26765.19, and the Nifty traded up 35 points or 0.4 percent at 8191.65.

Shares such as Coal India, SBI, Tata Steel, Adani Ports and Sun Pharma are top gainers while BHEL, ITC, Asian Paints and HDFC are amongst the losers in the Sensex.

The Indian rupee opened lower by 18 paise at 67.21 per dollar versus 67.03 Friday. According to the experts, rupee is expected to strengthen against the dollar today. The rupee has weakened around 1.5 percent this year, while FIIs have bought USD 2.03 billion from the local equity market and sold USD 1.16 billion in debt markets.

The US dollar index hit two-month highs on Friday after US Federal Reserve Chair Janet Yellen left the door open to an interest rate increase in the coming months. (ANI)