It’s a strong start to the market on Friday morning, with the Sensex and Nifty opening at a fresh record high and crossing 11,200 for the first time.
The Sensex is up 216.83 points or 0.59% at 37201.47, while the Nifty is up 62.00 points or 0.56% at 11229.30. The market breadth is positive as 342 shares advanced, against a decline of 87 shares, while 44 shares are unchanged.
All sectoral indices are trading in the green, with Nifty Metal and Nifty FMCG leading the gains. Surge in ITC, as well as Hindalco, are boosting these indices. In the broader markets, the Nifty Midcap index is up half a percent.
Shares of Hindalco are trading 7 percent higher after it announced its acquisition of Aleris post market hours on Thursday. ITC is also trading higher by 3 percent on the back of good June quarter numbers.
The Indian rupee opened flat at 68.65 per dollar on Friday versus previous close 68.66.
Reference By- moneycomtol.com
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