Equity benchmarks rebounded in opening trade with the Nifty reclaiming 8100 level, supported by positive global cues. Sensex gained 31 points at 26339 and Nifty trading up 7 points at 8088. About 1061 shares have advanced, 743 shares have declined and 113 shares are unchanged.
The Indian rupee recovered in early trade today after hitting 68 against the US dollar in previous session. The dollar yesterday traded near its 14-year high on hopes of better US growth going ahead and a fastest pace of rate increases in 2017.
All BSE sectors are trading with minor positive leads. BSE Small Cap jumped up 36 points at 11983 while BSE Mid-Cap gained 25 points at 12029. In Commodity market, Gold hiked 0.21% at 27,188 and Silver gained 0.81% at 39,746.
Asian Market Update: Japan's index Nikkei 225 lost 75 points at 19419, Hong Kong's index Hang Seng hiked 139 points at 21868 and Shanghai Composite trading up 29 points at 3132.
Stock Recommendation
BUY AMBUJACEM FUTURE ABOVE 206.1 TARGETS 208.6, 211.1, 213.6 STOP LOSS 201.1
SELL UNIONBANK FUTURE BELOW 128 TARGETS 126.50, 130.85, 123.50 STOP LOSS 131
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