The market has opened on a strong note. The Sensex is up 286.78 points or 1.4% at 20559.69 and the Nifty up 84.30 points or 1.4% at 6105.25. Infosys ltd rallied a little over 7% in morning trade on Friday to touch its highest level since January 2011 of Rs 3360, after the software exporter raised the lower-end of its fiscal 2014 dollar revenue growth guidance. Rupee has hit highest level since August 2013. The domestic currency is at 61.18 per dollar. On global front, US stocks closed out the session with a sharp bang on Thursday, with major averages rallying more than 2% across the board, as lawmakers seemed to move closer to a deal to resolve the political stalemate in Washington. Asian equity markets enjoyed a relief rally on Friday, tracking Wall Street's strong performance on optimism that US lawmakers would soon reach a deal to avert a debt default. On BSE, Midcap is up by 0.67% and Small cap gained 0.74% at the time of writing this. On sectoral front, IT is the top performer to edge up by more than 3.5% while on the other hand worst performing sector is Metal which is lower by 0.55%.
Further the market breath stands positive with 1096 shares seen advancing against 611 declining shares.
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