The market has opened firm on January Futures and Options expiry. The Sensex is up 82.93 points or 0.3 percent at 27458.51 and the Nifty is up 25.85 points or 0.3 percent at 8501.65.
Bank stocks lead. Axis Bank, Adani Ports, Tata Steel, HDFC Bank and BHEL are top gainers while Bharti Airtel, Wipro, HUL and Wipro are losers in the Sensex. The Indian rupee opened marginally lower at 68.17 per dollar against previous close 68.15.
Tirthankar Patnaik of Mizuho Bank said, "The USD-INR pair is expected to remain slightly under pressure given the strength in the dollar index over the last 2 weeks. We see muted sentiment before the Budget.
"The US dollar held firm against the yen and euro, after several days of losses in the wake of President Donald Trump's inaugural speech promising more trade protectionism, with the US economic outlook still seen better than that of Europe or Japan.
The results which are expected today are Wipro, Kotak Mahindra Bank, Maruti Suzuki, Ashok Leyland, Arvind, Exide Industries, IDFC Bank, Indiabulls Real Estate, IRB Infra, Tata Elxsi, UPL, Alembic Pharma, Blue Star, IIFL Holdings, Indian Bank, K.P.R. Mill,Karur Vysya Bank, Oberoi Realty, Raymond,Supreme Ind,
MORNING CALL:
SELL BHARTI AIRTEL FUTURE BELOW 312 TG 310.50, 308.50, 306 SL 314.50,
SELL WOCKHARDT FUTURE BELOW 668 TG 665, 661, 655 SL 673,
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