The market has opened at a slightly
higher level. The Sensex is up 114.17 points at 24412.19, and the Nifty is up
37.05 points at 7289.95. About 645 shares have advanced, 65 shares declined,
and 14 shares are unchanged.
Gold jewellery stocks are in focus
as the central bank has marginally eased the import squeeze on gold. Rules have
been eased for trading houses to import gold under the 20:80 scheme.
Bajaj Auto, Coal India, Maruti Suzuki,
Hindalco and Tata Power are top gainers in the Sensex. Among the losers are Bharti Airtel, Hero MotoCorp, HDFC
Bank and Tata Motors.
The rupee has opened higher at 58.60
per dollar on Thursday, up 17 paise compared to previous day's closing value of
58.77 a dollar.
Mohan Shenoi, Kotak
Mahindra Bank says USD-INR has settled into a tight range. The market
now awaits government formation, budget, etc. for further moves, he adds.He
expects the rupee to trade in a range of 58.60-58.90/USD today.
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