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Nifty hits 8300, Sensex up over 100 pts; BHEL, ONGC gain The Indian Stock market has opened on a positive note. The Sensex is up 104.29 points at 27611.83 and the Nifty is up 32.40 points at 8316.40. About 715 shares have advanced, 164 shares declined, and 884 shares are unchanged.
BHEL, ONGC, Sesa Sterlite, Bharti Airtel and Tata Steel are major gainers while Tata Power, Coal India, Hindalco, Bajaj Auto and GAIL are laggards. The Indian rupee opened lower by 8 paise at 63.43 per dollar versus 63.35 Thursday. Most of the Asian markets too were trading flat in the morning. The US and European markets were closed for the New Year.
Gold inched up as higher oil prices boosted its safe-haven appeal, but the metal looked set to post its third straight weekly loss, weighed down by a strong dollar. US crude futures hit USD 55.11 a barrel before easing below USD 55 a barrel on the first trading day of 2015 in Asia, supported by last week's larger-than-expected fall in US crude stocks. Higher oil prices support gold as the metal is seen as a hedge against oil-led inflation.
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Nifty hits 8300, Sensex up over 100 pts; BHEL, ONGC gain The Indian Stock market has opened on a positive note. The Sensex is up 104.29 points at 27611.83 and the Nifty is up 32.40 points at 8316.40. About 715 shares have advanced, 164 shares declined, and 884 shares are unchanged.
BHEL, ONGC, Sesa Sterlite, Bharti Airtel and Tata Steel are major gainers while Tata Power, Coal India, Hindalco, Bajaj Auto and GAIL are laggards. The Indian rupee opened lower by 8 paise at 63.43 per dollar versus 63.35 Thursday. Most of the Asian markets too were trading flat in the morning. The US and European markets were closed for the New Year.
Gold inched up as higher oil prices boosted its safe-haven appeal, but the metal looked set to post its third straight weekly loss, weighed down by a strong dollar. US crude futures hit USD 55.11 a barrel before easing below USD 55 a barrel on the first trading day of 2015 in Asia, supported by last week's larger-than-expected fall in US crude stocks. Higher oil prices support gold as the metal is seen as a hedge against oil-led inflation.
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