Sensex opens 100 points higher, Nifty above 10,300

Automobiles, infra, banks and consumer products are gaining


Market Opens D-Street has begun the day on a positive note, with the Sensex gaining 100 points, while the Nifty is above 10,300-mark.

Among sectors, automobiles, infra, banks and consumer names are gaining, while Nifty IT index is trading in the red.

The Sensex is up 116.98 points or 0.34% at 34416.45, while the Nifty is higher by 26 points or 0.25% at 10327.00. The market breadth is positive as 335 shares advanced, against a decline of 151 shares, while 2,878 shares were unchanged.

The Indian rupee gained in the early trade on Wednesday. It opened higher by 24 paise at 74.15 per dollar versus previous close 74.39.

On Tuesday rupee ended at a fresh record low of 74.39 per US dollar.

The dollar-rupee October contract on the NSE was at 74.50 in the previous session. October contract open interest increased 2.20% in the previous session, said ICICIdirect.

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