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Nifty hits 7800, Sensex up 300 pts post monsoon prediction
The market on Wednesday opened on strong note building hopes for a good monsoon. The Sensex rolled up 301.24 points or 1.2 percent at 25446.83, and the Nifty gained 82.80 points or one percent at 7791.75.
The market on Wednesday opened on strong note building hopes for a good monsoon. The Sensex rolled up 301.24 points or 1.2 percent at 25446.83, and the Nifty gained 82.80 points or one percent at 7791.75.
Shares amongst the gainers list were ICICI Bank, Wipro, Hindalco, ONGC and SBI.
The Indian rupee gained in the early trade. It opened higher by eight paise at 66.35 per dollar versus 66.43 on Tuesday.
The dollar rebounded from a more than seven-month low against a basket of currencies led by gains versus the safe-haven yen.
Gains in oil also drove a rally in commodity-linked currencies such as the Australian and Canadian dollars. Asia markets traded higher, after a rise in oil prices powered gains in US equities overnight.
The US market also ended higher following a surge in energy stocks. The Dow Jones closed up in triple digits.
