Nifty reclaims 8400; Positive Monsoon reports helping markets to trade higher: Markets have extended gains with the defensives sectors like FMCG, pharma and software shares leading the gains. By 9:50 AM, the Sensex has gained 82 points at 27,887 and the Nifty has added 23 points at 8,404. On the currency front, the rupee opened at 63.64 levels, 6 paise down against its previous close of 63.58.
The benchmark indices may remain volatile throughout the session ahead of the expiry of the derivatives contract for the June Series tomorrow. But investors are optimistic about a possible solution between Greece and its international creditors to avert a debt crisis after Athens presented a new set of proposals on Monday.