9:26 am Rupee opening: The Indian rupee started off the week on a positive note. It has opened at 64.11 against the US dollar, up 4 paise from Friday’s closing value of 64.15.
Pramit Brahmbhatt of Veracity feels the rupee will trade positive below 64.20 against the US dollar.
Weak Dollar Index will help rupee to appreciate further, he said.
Trading range for the spot USD-INR pair will be 63.80-64.20 per dollar, according to him.
9:15 am Market Check: Equity benchmarks started off the week on a positive note, with the Nifty holding 10,000-mark. Investors awaited the decision of two-day monetary policy committee meeting that will begin on Tuesday.
The 30-share BSE Sensex was up 45.59 points at 32,355.47 and the 50-share NSE Nifty rose 10.05 points to 10,024.55. About two shares advanced for every share falling on the BSE.
L&T was top gainer among Sensex stocks, up 2.2 percent followed by Lupin, ICICI Bank, Vedanta, Kotak Mahindra Bank with moderate gains. HDFC rebounded after initial fall.
Sarda Energy, Coromandel, Capital First and Cholamandalam Finance gained up to 5 percent.
Central Bank of India, Dena Bank, Equitas Holdings, Oberoi Realty and Kitex Garments fell up to 5 percent.