On Friday Rupee has started strong. Against the dollar, the rupee gained 29 paise to 73.83. On Thursday, the rupee made stronger position by 8 paise against the dollar and closed at 74.12 per dollar.
In terms of rupee, the stock market has started with a positive note. The Sensex rose by 510.49 points to 34,511.64 in the initial trading from all-around shopping in the market. The Nifty reached 163.9 points at 10,398.55. On the NSE, the sector index is showing weakness in the IT index only. However, the auto, media and realty index has risen more than 2%.
During the turnover, M & M, RIL, Yes Bank, Maruti, ITC, Axis Bank, SBI, HDFC, HDFC Bank, HUL, ONGC are bullish in the trade. There is a decline in TCS and Infosys.
Midcap and smallcap stocks rally
Shopping in mid-cap and small-cap shares, along with a large cap, is also seen. The BSE Mid-Cap Index has gained 2.71 percent, while the mid-cap index of the Nifty 100 Index has also gained 2.74 percent. BSE's Smallcap Index has gained 2.8%.
source:- MoneyBhaskar
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