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Opening bell: Sensex, Nifty marginally rise, Rupee rebounds 8 paise in early trade

The benchmark BSE Sensex rebounded by over 93 points in early trade on gains in bluechips such as RIL, L&T and ITC amid a rising trend in Asia.

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Opening bell: Sensex, Nifty marginally rise, Rupee rebounds 8 paise in early trade
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The benchmark BSE Sensex rebounded by over 93 points in early trade on gains in bluechips such as RIL, L&T and ITC amid a rising trend in Asia. 

The 30-share index was trading higher by 93.02 points at 32,495.39. Sectoral indices led by capital goods, power,consumer durables, realty, metal, healthcare and oil & gas were trading in the positive terrain by gaining up to 0.95 per cent. 

The broader NSE Nifty rose by 23.50 points, or 0.23 per cent, to trade at 10,171.05. 

According to traders, buying activity picked up, mirroring positive cues from the rest of Asia after another record on the Wall Street yesterday. Reliance Industries, L&T, Tata Steel, Adani Ports, M&M, ITC Ltd, SBI, HDFC Bank, Sun Pharma, Dr Reddy's and ONGC gained up to 2.26 per cent. 

However, shares of telecom companies such as Bharti Airtel, Idea Cellular and Tata Teleservices fell up to 3.31 per cent after Trai reduced mobile interconnection charges by more than half to 6 paise a minute.

The rupee strengthened by 8 paise to 64.25 against the dollar in opening trade today at the forex market on fresh selling of the US currency by exporters and banks.

Forex dealers said that besides selling of the American currency by exporters and banks, weakness in the dollar against other currencies overseas as traders await the conclusion of the Federal Reserve's policy meeting bolstered the rupee.

(With inputs from PTI)

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