Sensex, Nifty open higher; GAIL, Vedanta, Tata Steel up -- 2 Dec 2015

GAIL, Vedanta, Tata Steel, Bajaj Auto and Coal India are top gainers in the Sensex while Tata Motors, Axis Bank, Bharti Airtel, Hero and Infosys are among losers.

                             

                                             

The market has opened higher as the Sensex is up 58.13 points or 0.2 percent at 26227.54. The Nifty is up 12.90 points or 0.2 percent at 7967.80. About 819 shares have advanced, 179 shares declined, and 43 shares are unchanged. GAIL, Vedanta, Tata Steel, Bajaj Auto and Coal India are top gainers in the Sensex while Tata Motors, Axis Bank, Bharti Airtel, Hero and Infosys are among losers. The Indian rupee opened marginally lower at 66.52 per dollar against previous closing 66.49. Pramit Brahmbhatt of Veracity said, "Rupee has remained rangebound with a positive bias. Interest rate decision and dovish view of RBI governor has given support to equity market." The dollar fell as a contraction in US manufacturing PMI and upbeat european economic data knocked the greenback from 8 and a half-month highs against a basket of major currencies. Asian stocks stuttered in early trade after downbeat US manufacturing data raised concerns about the health of the world's biggest economy, while the dollar retreated from 8-1/2-month highs. Wall Street rallied to close near session highs despite weak manufacturing data. The S&P 500 topped the psychologically key level of 2,100.

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