Mumbai, Sept. 9 (ANI): After a smart pull back in the market on Tuesday, the market showed some signs of recovery. Nifty opened up by 117.85 points trading at 7800. The Sensex on the other hand rose above 413.96 points at 25731.83.
Metal stocks, which performed in the weak territory, continued to see a rally in the market. Shares such as Hindalco, Tata Steel and Vedanta were the top performers from this sector.
Giving a trail to its yesterday’s opening, the Indian rupee advanced in the early trade today. It opened above by 17 paise at 66.38 per dollar against its close of 66.55 yesterday.
Market experts believe that the rupee strengthened against the USD after touching an intra-day high of 66.80/dollar yesterday.
Strong buying from the PSBs to meet the oil demand was seen in the market. The rupee will take cues from the equity market as expected today to trade in a range of 66.40-66.72/dollar. (ANI)