Market gains in early trade; metal stocks shine: Benchmark share indices extended gains following a firm opening led primarily by index heavyweights, information technology and metal stocks.
At 9:45 AM, the S&P BSE Sensex was trading at 27450 up 208 points, while NSE Nifty was trading at 8265 up 65 points. The Mid-cap and Small-cap Index, both, outperformed the broader indices. The market breadth indicating the overall health of the market is strong. The Indian rupee declined in the early trade. It opened lower by 10 paise at 63.66 per dollar versus 63.56 Friday. The dollar began the final week of 2014 on firm footing, as the euro flirted with two-year lows while investors awaited a key vote in Greece later in the session. Activity is likely to be thin this week ahead of the New Year's holiday and many investors have already closed out their positions.
At 9:45 AM, the S&P BSE Sensex was trading at 27450 up 208 points, while NSE Nifty was trading at 8265 up 65 points. The Mid-cap and Small-cap Index, both, outperformed the broader indices. The market breadth indicating the overall health of the market is strong. The Indian rupee declined in the early trade. It opened lower by 10 paise at 63.66 per dollar versus 63.56 Friday. The dollar began the final week of 2014 on firm footing, as the euro flirted with two-year lows while investors awaited a key vote in Greece later in the session. Activity is likely to be thin this week ahead of the New Year's holiday and many investors have already closed out their positions.
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