The market has opened firm as the Sensex is up 105.86 points or 0.4 percent at 26800.14. The Nifty is up 24.85 points or 0.3 percent at 8271.70.
About 223 shares have advanced, 41 shares declined, and 9 shares are unchanged. Adani Ports, Hero MotoCorp, Bharti Airtel, Maruti Suzuki and Coal India while Dr Reddy's Labs and Wipro are losers in the Sensex.
The Indian rupee has opened lower by 14 paise at 67.49 per dollar on Friday versus previous close 67.35. The euro dropped over 1 percent overnight after the European Central Bank extended asset purchases until the end of next year and President Mario Draghi said cuts to the size of the program should not be viewed as tapering. The dollar index gained.
Asian shares flatlined but were on track for robust weekly gains, while the euro caught its breath after sliding when the European Central Bank trimmed the size of its asset purchase program and also extended it for longer than many had expected.
MSCI's broadest index of Asia-Pacific shares outside Japan wobbled close to the previous session's close in early trading, poised for a weekly gain of 2.2 percent. Japan's Nikkei stock index was up 0.6 percent, up 2.4 percent for the week in which the dollar gained 0.6 percent against the yen. Major US stock indexes climbed again on Thursday and set fresh record highs as a month-long rally following the presidential election of Donald Trump rolled on. Investors have driven up equities since Trump's November 8 election over optimism about domestic economic stimulus and reduced corporate taxes and regulations.
Among asset classes, crude prices gain 2 percent overnight as market watchers focused on today's meeting between OPEC and non-OPEC producers that may result in an agreement to cut crude output further. Gold prices slip as US dollar strengthened.
About 223 shares have advanced, 41 shares declined, and 9 shares are unchanged. Adani Ports, Hero MotoCorp, Bharti Airtel, Maruti Suzuki and Coal India while Dr Reddy's Labs and Wipro are losers in the Sensex.
The Indian rupee has opened lower by 14 paise at 67.49 per dollar on Friday versus previous close 67.35. The euro dropped over 1 percent overnight after the European Central Bank extended asset purchases until the end of next year and President Mario Draghi said cuts to the size of the program should not be viewed as tapering. The dollar index gained.
Asian shares flatlined but were on track for robust weekly gains, while the euro caught its breath after sliding when the European Central Bank trimmed the size of its asset purchase program and also extended it for longer than many had expected.
MSCI's broadest index of Asia-Pacific shares outside Japan wobbled close to the previous session's close in early trading, poised for a weekly gain of 2.2 percent. Japan's Nikkei stock index was up 0.6 percent, up 2.4 percent for the week in which the dollar gained 0.6 percent against the yen. Major US stock indexes climbed again on Thursday and set fresh record highs as a month-long rally following the presidential election of Donald Trump rolled on. Investors have driven up equities since Trump's November 8 election over optimism about domestic economic stimulus and reduced corporate taxes and regulations.
Among asset classes, crude prices gain 2 percent overnight as market watchers focused on today's meeting between OPEC and non-OPEC producers that may result in an agreement to cut crude output further. Gold prices slip as US dollar strengthened.
