Friday 2 September 2016

Sensex, Nifty open higher; Tata Motors & ITC up, Infosys down

The market has opened higher with the Sensex up 86.13 points or 0.3 percent at 28509.61. The Nifty is up 21.70 points or 0.2 percent at 8796.35. About 237 shares have advanced, 93 shares declined, and 19 shares are unchanged. 

Tata Motors, Hero MotoCorp, Coal India, ITC and Dr Reddy's Labs are top gainers while BHEL, Bharti, Axis Bank, Sun Pharma and Infosys are losers in the Sensex.

The rupee opened higher by 13 paise at 66.85/$ against US Dollar Friday as against the previous close of 66.95/$. Traders also looked ahead to Friday's release of the closely watched U.S. monthly jobs report and its impact on the outlook for interest rates.

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