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Market News :-
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.
After investors survey, Ridham Desai of Morgan Stanley says investors bullishness on Indian stocks has come off even as investors remain overweight on India.
Shares of ITC rose 2 percent intraday. Credit Suisse maintains its outperform rating on ITC, stating that it can rejoice as most states have not hiked value added tax on cigarettes in Budget.