Market Update : BSE Sensex surged over 500 pts in morning trade on today led by gains in Infosys, ITC, ICICI Bank, Axis Bank, L&T.
The Nifty futures reclaimed its critical resistance level of 7,100 supported by gains in IT, oil & gas, metal,banks, capital goods, and auto stocks.
The broader market traded in line with the benchmark indices with the BSE midcap and smallcap indices rising 0.85 and 0.64 per-cent.
Extending its gains for the 3rd session, the rupee rose 18 paise to 66.25 as compared to the USD in early trade today, riding on Arun Jaitley's Budget speech on Monday, where the finance minister (FM) declared budgetary support for export sectors while sticking to fiscal prudence path.
The local currency had settled at 68.43 per dollar in the previous session on sustained dollar selling by banks and exporters.
The Nifty futures reclaimed its critical resistance level of 7,100 supported by gains in IT, oil & gas, metal,banks, capital goods, and auto stocks.
The broader market traded in line with the benchmark indices with the BSE midcap and smallcap indices rising 0.85 and 0.64 per-cent.
Extending its gains for the 3rd session, the rupee rose 18 paise to 66.25 as compared to the USD in early trade today, riding on Arun Jaitley's Budget speech on Monday, where the finance minister (FM) declared budgetary support for export sectors while sticking to fiscal prudence path.
The local currency had settled at 68.43 per dollar in the previous session on sustained dollar selling by banks and exporters.
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