Nifty opens above 11,500 for first time, Sensex at record high

Sensex up 99.32 points within first 15 minutes of trading


Strong start for the D-Street, following positive global cues as Nifty surpassed 11,500 for the first time, while the Sensex is up around 150 points.

Among sectors, barring IT index all other sectoral indices are trading higher led by metal, bank, energy, infra and pharma. The Nifty Midcap index is also up over half a percent.

At 09:16 hrs IST, the Sensex is up 154.63 points or 0.41% at 38102.51, and the Nifty up 41.40 points or 0.36% at 11512.20. About 688 shares have advanced, 243 shares declined, and 57 shares are unchanged.

Infosys shed 3 percent on CFO resignation, while shares of Yes Bank, RIL, Future Retail are among major gainers. L&T surged 4 percent as board to consider buyback on August 23.

The Indian rupee gained in the early trade on Monday. It opened strong at 69.83 per dollar, a gain of 32 paise versus previous close 70.15.

Technically now USD-INR s getting support at 70.1075 and below same could see a test of 69.96 level, and resistance is now likely to be seen at 70.4475, a move above could see prices testing 70.64, according to LKP report.

Market at pre-open: Pre-opening rates indicate a positive start to the market on start of truncated week on Monday with Nifty trading above 11,500 and Sensex above 38,000.

At 09:01, the Sensex is up 99.32 points at 38,047.20, and the Nifty up 59.70 points at 11,530.50.

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