Equity benchmarks rebounded sharply on Monday morning with the Sensex rising 180.90 points to 25482.80. The Nifty reclaimed 7800 level, up 64.25 points or 0.83 percent at 7813.95.
ITC topped buying list on Sensex, up more than 6 percent after brokerages turned upbeat on the stock post quarterly earnings. Citi has upgraded the stock to buy from neutral and raised target price to Rs 390 from Rs 335.
Tata Power gained 1.5 percent ahead of March quarter earnings. Adani Ports, ICICI Bank, HUL, SBI, Hindalco and Aurobindo Pharma were other early gainers while HDFC, Lupin, NTPC and GAIL were losers.
The Indian rupee gained in the early trade today. It has opened higher by 14 paise at 67.30 per dollar against 67.44 Friday.
The 30-share index was trading at 25,452, up 150 points or 0.59 per cent. It touched a high of 25,519.26 and a low of 25,431.20 in morning trade.
The Nifty50 was trading at 7,789 up 40 points or 0.51 per cent. It touched a high of 7,820.60 and a low of 7,785.95 in the first 30 minutes of trade.
Tata Power gained 1.5 percent ahead of March quarter earnings. Adani Ports, ICICI Bank, HUL, SBI, Hindalco and Aurobindo Pharma were other early gainers while HDFC, Lupin, NTPC and GAIL were losers.
The Indian rupee gained in the early trade today. It has opened higher by 14 paise at 67.30 per dollar against 67.44 Friday.
The 30-share index was trading at 25,452, up 150 points or 0.59 per cent. It touched a high of 25,519.26 and a low of 25,431.20 in morning trade.
The Nifty50 was trading at 7,789 up 40 points or 0.51 per cent. It touched a high of 7,820.60 and a low of 7,785.95 in the first 30 minutes of trade.
The S&P BSE Midcap Index was up 0.30 per cent and BSE S&P Smallcap Index was trading 0.55 per cent higher.
ITC (up 6 per cent), Adani Ports (up 1.01 per cent), ICICI Bank (up 0.8 per cent) and SBI (up 0.55 per cent) were the major Sensex gainers.
HDFC (down 0.65 per cent), NTPC (down 0.58 per cent), Lupin (down 0.51 per cent) and Dr Reddy's Laboratories (down 0.4 per cent) were the major Sensex losers.
ITC (up 6 per cent), Adani Ports (up 1.01 per cent), ICICI Bank (up 0.8 per cent) and SBI (up 0.55 per cent) were the major Sensex gainers.
HDFC (down 0.65 per cent), NTPC (down 0.58 per cent), Lupin (down 0.51 per cent) and Dr Reddy's Laboratories (down 0.4 per cent) were the major Sensex losers.
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