Friday, 23 October 2015

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A day after Dusshera, the market has opened with zeal riding on strong global cues. The Sensex is up 245.31 points or 0.9 percent at 27532.97 and the Nifty gains 68.45 points or 0.8 percent at 8320.15. About 669 shares have advanced, 112 shares declined, and 29 shares are unchanged. Reliance, Hindalco, Vedanta, Lupin and Tata Motors are top gainers in the Sensex. Idea is down after its Q2 results.

The stimulus measures, if announced, will benefit risk assets like equities and commodities. Emerging markets like India could be a big beneficiary.The global strength of the dollar could put some pressure on the rupee which closed at 65.12 against the greenback on Wednesday.

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