Indian equity market opened positive with logging gains of almost half a percent in the initial minutes, following strength in the global space. The Sensex edged up 100 odd points to open at 20441.0 and Nifty surged 35 points to 6077.5. Indian rupee opened at 62.27 per dollar on Friday, up 10 paise compared to previous day's closing of 62.37 per dollar. On international front, US stocks rallied significantly with the Dow Jones marking its best session this year. A drop in applications for jobless benefits ahead of January’s payrolls reports indicated an improving US economy, thereby giving the stocks a much needed impetus. Asian markets, barring China’s Shanghai took cue from US, and showed robust rallies. Japan's Nikkei rose on speculation of further monetary easing in June. On BSE, Midcap and small Cap are trading in green with gains of 0.55% and 0.71% respectively. On sectoral front, Realty is the top gainer to edge 1.38%, followed by health care which is up by 1.29% while on downside, FMCG is the only section to trade lower by 0.11% as we write this.
Further the market breath stands positive with 969 shares are seen advancing against 396 declining shares.
Further the market breath stands positive with 969 shares are seen advancing against 396 declining shares.
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