The market continues its rally as sentiment is
still upbeat with Narendra Modi-led NDA winning the 16th Lok Sabha
elections. The Sensex is up 287.56 points or 1.19 percent at 24409.30
and the Nifty is up 86.20 points or 1.20
percent at 7289.20. The Indian rupee has touched fresh 11-month high in
early trade on Monday. It opened at 58.55 a dollar, which is the
highest level since June 18, 2013, up 24 paise compared to Friday's
closing value of 58.79 a dollar. On Global front, Asian equity markets
started the week mixed despite Friday's positive lead from Wall Street
as concerns rose about a slowdown in China's real estate market. On BSE,
Mid Cap is adding almost 3% to trade at 8112.86 and Small is gaining
more than 2%. On Sectoral front, BSE Metal and BSE Power are top
performing counter among the all sectors while BSE Teck, BSE IT, BSE
FMCG and BSE Health Care are trading in red and losing more or less 4%
each.
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