market updatesThe benchmark BSE Sensex opened higher in the opening trade of Monday. The broader Nifty also rose in the morning since the market reacted positively to macro-economic data announced with changes in new base year series WPI inflation and IIP.
The BSE Sensex was trading higher by 136.60 points, or 0.45%, to 30,324.94, while the NSE Nifty rises 43.35 points, or 0.46%, to 9,444.25. The BSE MidCap index was trading up 0.95%, while the SmallCap index was trading up 0.74% outperforming the Sensex. The shares of Tata Steel and ICICI Bank rose in the morning hours, while Infosys Ltd and Cipla fell.
The Indian Rupee was trading higher against the US dollar, tracking Asian currencies, while a mixed trend overcoming in the rest of Asia. The ten-year bond yield closed at 6.912 percent versus to its previous close of 6.942 percent.
Sectoral indices such as realty, FMCG, banking, capital goods and PSU, rose by up to 1.02 percent. The gauge had retreated from record highs by slipping 62.83 points in the earlier session on Friday. Buying activity continued up on positive economic data after retail inflation dipped sharply to 2.99% in April, versus 3.89% in March, while WPI index slipped to a 4-month low of 3.85% in April.