The market has opened strong riding high on global markets. The
Sensex is up 121.41 points at 25965.59, and the Nifty is up 41.60
points or at 7956.35.
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The 50-share index is at 2016 high, crossing January 1 high 7972.
About 401 shares have progressed, 77 shares declined, and 22 shares
are unchanged.
ICICI Bank is up 6 percent while SBI, Tata Steel, Axis Bank and
GAIL are top gainers. Wipro falls 5 percent.
The Indian rupee opened lower by 10 paise at 66.32 for each dollar
against past close of 66.22. Dollar edged up against a basket of
major currencies. Euro flat ahead of the ECB meet today.
Wall Street ended less than 2 percent short of a record-high close
on Wednesday as a rebound in oil prices added to optimism sparked by
a raft of earnings reports. Driven 15 percent higher since
mid-February by a recovery in weak oil prices and helped by a softer
dollar, the S&P 500 stood less than 30 points below last May's
all-time peak.
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