As expected the National Stock Exchange (NSE) Nifty opened on a positive note at the level of 11,443.50 from its previous closing level of 11,369.90.
It is a strong start of the domestic market on Friday morning, with the Nifty racing past 11,450, up over 100 points, while the Sensex is higher by over 250 points. The BSE Sensex opened at the level of 37,939.29 from its previous closing level of 37,717.96.
The top gainers among Nifty 50 are Bharat Petroleum, Hindustan Petroleum, PowerGrid, and Maruti, however, the top losers are Tech Mahindra, HCL Technology, Wipro, and TCS.
It is due to steady global cues, easing oil prices, and a stronger rupee which is aiding sentiment on D-Street.
Update: The Indian rupee continues its gaining momentum on Friday as it gained 49 paise in the opening trade. It opened higher at 71.70 per dollar versus 72.19 Wednesday.