The market has opened February Futures and Options (F&O) series on a strong note with the Nifty above 8600. The Nifty is up 22.05 points or 0.3 percent at 8624.80 while the Sensex is up 122.76 points or 0.4 percent at 27830.90.
GAIL, BHEL, ICICI Bank, TCS and Sun Pharma are top gainers while Wipro, Dr Reddy’s Labs, Lupin and Tata Steel are losers in the Sensex.
The Indian rupee opened lower by 10 paise at 68.18 per dollar on Friday versus Wednesday’s closing of 68.08.
Crude prices declined marginally after 2 percent surge overnight as plentiful supplies and bulging inventories put a cap on gains.