Sensex starts the week on a positive note

Nifty above 11K, Indian Rupee keeps floating

Mumbai.

The market has begun the day on a positive note, with the Nifty trading well above 11,000-mark.

The Sensex is up 70.13 points or 0.19% at 36566.50, while the Nifty is up 28.30 points or 0.26% at 11038.50. The market breadth is narrow as 319 shares advanced, against a decline of 144 shares, while 61 shares are unchanged.

All sectoral indices are trading in the green, with maximum buying seen among FMCG, financials as well as metal stocks. In the broader markets, the midcap index is up around one-tenth of a percent.

Shares of UPL are trading higher by over 3 percent after the company announced an acquisition on Friday.

Rupee opens:

The Indian rupee gained in the early trade on Monday. It has opened higher by 14 paise at 68.70 per dollar versus previous close 68.84.

The dollar-rupee July contract on the NSE was at 68.92 in the previous session. July contract open interest declined 1.39 percent in the previous day, said ICICIdirect.

We expect the USD-INR to meet supply pressure at higher levels. Utilise upsides in the pair to initiate short positions, it added.

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