The market has opened flat. The Sensex is up 19.71 points at 27960.35 and the Nifty is up 2.85 points at 8360.70. About 465 shares have advanced, 222 shares declined, and 36 shares are unchanged.
Sun Pharma, Tata Motors, SBI, Wipro and ONGC are top gainers in the Sensex. Among the losers are Tata Power, Cipla, GAIL, BHEL and Bharti Airtel.
The Indian rupee opened marginally lower at 61.62 per dollar versus 61.55 Thursday. Dollar holds near 7-year high versus the yen as investors continued to monitor whether Japan's leader would call an election and delay a sales tax hike.
Pramit Brahmbhatt of Veracity said, "We expect Indian equities to open in the green and touch a new high. Rupee too, is expected to appreciate backed by the strength in local equities. We see range for the rupee between Rs 61.20-61.80/dollar."
The Dow industrials closed at a record high, boosted by gains in Wal-Mart, but the S&P 500 was little changed as energy shares tracked crude futures prices lower.
European market too ended in the green while Asian market is mixed in morning trade. In other asset classes, crude prices plunged, with Brent Crude slipping to USD 77 per barrel on global growth concerns. Nymex too dropped to USD 74. Precious metal gold continues to trade flat at around USD 1160 an ounce.
Sun Pharma, Tata Motors, SBI, Wipro and ONGC are top gainers in the Sensex. Among the losers are Tata Power, Cipla, GAIL, BHEL and Bharti Airtel.
The Indian rupee opened marginally lower at 61.62 per dollar versus 61.55 Thursday. Dollar holds near 7-year high versus the yen as investors continued to monitor whether Japan's leader would call an election and delay a sales tax hike.
Pramit Brahmbhatt of Veracity said, "We expect Indian equities to open in the green and touch a new high. Rupee too, is expected to appreciate backed by the strength in local equities. We see range for the rupee between Rs 61.20-61.80/dollar."
The Dow industrials closed at a record high, boosted by gains in Wal-Mart, but the S&P 500 was little changed as energy shares tracked crude futures prices lower.
European market too ended in the green while Asian market is mixed in morning trade. In other asset classes, crude prices plunged, with Brent Crude slipping to USD 77 per barrel on global growth concerns. Nymex too dropped to USD 74. Precious metal gold continues to trade flat at around USD 1160 an ounce.
Indian Rupee Exchange Rate
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