Equity benchmarks opened higher despite mixed global cues. The 30-share BSE Sensex rose 129.62 points to 26549.17 and the 50-share NSE Nifty touched a record high of 7942, up 26.65 points at 7939.85. The Indian rupeeopened marginally lower at 60.55 per dollar on Monday as against Friday's closing value of 60.47 a dollar. Globally, US Fed chairman Janet Yellen marked a mild departure from her ultra dovish stance at Jackson Hole saying the economy is getting closer to the central bank’s goals on full employment and stable inflation. Wall Street ended mixed while the dollar is back at 11-month high. On BSE, midcap and smallcap were higher by 0.36% and 0.53% respectively. On sectoral front, IT is the best performer to gain 0.75% and Metal is lower by 0.73%.
Further the market breadth stands positive with 1388 shares are seen advancing against 832 declining shares.
Further the market breadth stands positive with 1388 shares are seen advancing against 832 declining shares.
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