Market Opening:
Benchmark indices opened marginally higher after a selling pressure seen in previous two consecutive sessions.
The BSE Sensex rose 51.28 points to 37,860.19 and the Nifty50 gained 31.90 points at 11,386.20.
Indiabulls Housing, Zee Entertainment, Eicher Motors, GAIL, Adani Ports, Bharti Infratel and Reliance Industries were early gainers.
Infosys, TCS, Tech Mahindra, HCL Technologies, JSW Steel and Power Grid were under pressure.
Nifty Midcap index was up 0.5 percent.
Jet Airways rallied 7 percent after Naresh Goyal and his wife stepped down from board.
Kalpataru Power Transmission gained 4 percent.
ICICI Prudential Life lost 2.5 percent.
Rupee Opening
The Indian rupee opened higher at 68.88 against the US dollar on March 26, 2019.
It appreciated by 5 paise compared to Monday's close of 68.93 to the dollar.
"The rupee ended mildly higher, on March 25, recovering from its intraday lows of 69.17. RBI three-year dollar-rupee swap auction will be held today. The move in the rupee will be keenly watched ahead of RBI’s monetary policy meeting next week," ICICI Securities said.
The brokerage further said the slump in US yields could cap the dollar's ability to appreciate sharply.
Investors continue to await the US-China trade talks outcome while ongoing Brexit uncertainty is also weighing on risk sentiments, it added.
Source:https://www.moneycontrol.com/news/business/markets/stock-market-live-updates-bse-nse-sensex-marginally-higher-nifty-inches-towards-11400-jet-airways-rallies-7-3700331.html
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