Sensex over 350 points; Nifty above 10,800, Rupee up 70/$ for first time in 3 months

It’s a gap-up opening for the market on Thursday morning, with the Nifty hitting 10,800. The Sensex is up  around 270 points.

Among sectors, banks, autos, consumption, and metals traded in the green. The Nifty Midcap index is up over half a percent.

The Sensex is up 269.12 points or 0.75% at 35986.07, while the Nifty is higher by 67.10 points or 0.63% at 10796.00. The market breadth is positive as 323 shares advanced, against a decline of 76 shares, while 16 shares were unchanged.

Bharti Airtel, Vedanta, and HPCL are the top gainers, while Yes Bank is the sole loser among both indices.

It’s a strong start to the rupee, with the currency gaining over 50 paise in opening. It opened at 70.11 per US dollar and has extended its gains further.

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