Sensex gains 250 pts, Nifty above 9200; RIL surpasses TCS' market cap
Equity benchmarks as well as broader markets rebounded after three-day consolidation despite mixed Asian cues. Investors awaited TCS earnings due later today.
The 30-share BSE Sensex was up 106.04 points at 29,519.70 and the 50-share NSE Nifty rose 28.55 points to 9,167.85. About 768 shares advanced against 209 declining shares on the BSE.
GAIL extended rally, up nearly 2 percent followed by Hindalco, Tata Steel, NTPC, BHEL, Adani Ports, IOC and HCL Technologies while Coal India, M&M, Cipla, Bharti Airtel, Eicher Motors and HDFC were losers.
The Indian rupee opened flat at 64.50 per dollar today against previous close of 64.51.
Today USD-INR pair is expected to trade within a range of 64.35-64.55/dollar after opening around 64.45/dollar, he feels.
The US dollar fell against other major currencies amid rising geopolitical tensions in the Korean Peninsula.
Asian shares were mixed as geopolitical tensions took a backseat following a failed missile test by North Korea at the weekend and as US Vice President Mike Pence continues his tour of Asia.