Stock Market News: Nifty opens above 8550

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stock marketNifty opens above 8550, Sensex firm; ITC up 1%, IT stocks down

The market has opened higher supported by firm global cues. The Sensex is up 60.51 points or 0.2 percent at 27976.40, and the Nifty up 16.85 points or 0.2 percent at 8582.70. About 308 shares have advanced, 98 shares declined, and 34 shares are unchanged. Cipla, ITC, Bajaj Auto, Hero MotoCorp and ONGC are gainers while Dr Reddy’s Labs, Infosys, TCS, BHEL and M&M are losers in the Sensex. The Indian rupee opened lower at 67.22 per dollar on Thursday versus previous closing 67.20.

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