Home BusinessMarkets open in the green
The Indian markets have opened in the green on the back of positive global cues. The Sensex is quoting at 17,134, higher by 33 points and the Nifty is up 4 points at 5113.
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Asian stocks advanced for the fifth time in six days as the strengthening dollar buoyed the shares of cars to clothing companies.
US stocks had risen on Friday as data showed the economy shed far fewer jobs than expected last month.
The IT, auto and banking sectors are doing well this morning.
Bharti Airtel has continued its strength from the previous week and is trading at Rs 315, higher by Rs 5 or 1.7%, and Tata Motors is also trading strong by Rs 12 or 1.7% at Rs 722.
Infosys and Reliance Communication are trading up between 1% and 2% each.
The top Sensex losers are Hindalco (weaker by Rs 4 or 3.1% at Rs 142, Sterlite (lower by Rs 20 or 2.3% at Rs 868) and Tata Steel (shed Rs 7 or 1.2% at Rs 568).
The market breadth is overwhelmingly in favour of the bulls. Out of 1,486 stocks traded on the BSE, there are 1,062 advancing stocks as against 373 declines.