Nifty hovers around 10,800, Rupee opens at 71.68 per dollar

Indian stocks saw a smooth landing for the third straight day, as easing inflation and a robust IIP print cheered market players.Benchmark indices are trading flat with Nifty is below 10,800 level. At 11:03 hrs IST, the Sensex is up 7.45 points at 35937.09, while Nifty up 0.70 points at 10792.20. About 1028 shares have advanced, 944 shares declined, and 116 shares are unchanged.

Bharti Airtel, Asian Paints, Yes Bank, Infosys and ICICI Bank are the top gainers on the Sensex.

 Indian rupee is trading marginally lower at 71.72 per dollar against Thursday’s close 71.68 per dollar.
The newly-appointed RBI Governor made all the right noises as he met PSU bank chiefs on Thursday in an effort to address the issues plaguing the banking sector, which pushed up financial stocks.
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