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Nifty opens above 8350, Sensex up 200 pts; ONGC gains 4%

The Sensex is up 199.95 points or 0.7 percent at 27344.86, and the Nifty up 57 points or 0.7 percent at 8385.35. About 996 shares have advanced, 194 shares declined, and 45 shares are unchanged.

stock market upThe market has opened on a strong note Monday with the Nifty drawing close to 8400. The 50-share index is up 52.15 points or 0.6 percent at 8380.50 and the Sensex is up 179.96 points or 0.7 percent at 27324.87. About 703 shares have advanced, 171 shares declined, and 50 shares are unchanged.

ONGC, Tata Motors, BHEL, Dr Reddy’s and Lupin are gainers while ITC is down on the Sensex.

The Indian rupee gained in the early trade. It has opened higher by 9 paise at 67.23 per dollar versus 67.32 Friday. Dollar fell against the euro on Friday due to reduced expectations of a US interest-rate hike this year.

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