The market has started on positive note Monday. The Sensex is up 60.76 points or 0.2 percent at 25013.50, and the Nifty is up 14.85 points or 0.2 percent at 7619.20. About 346 shares have advanced, 110 shares declined, and 37 shares are unchanged.
SBI, GAIL, Lupin, Sun Pharma and Wipro are top gainers while Hero, Adani Ports, Dr Reddy's Labs, Infosys and Maruti are losers in the Sensex.
The Indian rupee opened marginally higher at 66.45 per dollar versus 66.50 Friday.
Major US indexes closed in the green on Friday, with the Dow Jones industrial average up by 0.69 percent, S&P 500 higher by 0.44 percent and the Nasdaq composite ending 0.43 percent higher.
With Japan closed for a holiday, Antipodean markets were broadly mixed in morning trade with New Zealand up slightly and Australia easing 0.1%.Financial shares like Axis Bank, HDFC, SBI, ICICI Bank and HDFC Bank are up 1%-2%.
FMCG major ITC said that sales of its instant noodles brand Yippee are recovering and its market share has risen to anywhere between 30 and 40%. Shares of ITC are up 1.5%.
Other notable gainers are Sun Pharma, HUL, Bharti Airtel, Wipro and NTPC.
On the losing side, Lupin, Adani Ports, Asian Paints, BHEL and Dr Reddy’s Labs are down 1%-3%.
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