The market on Monday opened sharply higher with the Sensex rising more than 200 points following Infosys’ Q4 earnings but could not sustain gains for long due to weakness in global peers.
The Sensex gained 10.39 points to 25637.14 while the Nifty fell 6.15 points to 7844.30.
ITC gained nearly two percent as the company will resume manufacturing of cigarettes at its factories soon following a favorable High Court order. Manufacturing had been suspended since April over the large pictorial warning issue.
The Indian rupee opened flat at 66.63 per dollar today against Wednesday’s closing of 66.64.
According to experts, the USD-INR currency pair will continue trading in 66-67/dollar range on the back of strong portfolio flows.
Brent crude slumped five percent to trade below USD 41 per barrel. Japan shares took a hit from large earthquakes.
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