The market has opened marginally higher. The Sensex is up 71.56 points 26431.67 and the Nifty up 13.45 points at 7904.55. About 485 shares have advanced, 122 shares declined, and 22 shares are unchanged.
Axis Bank, TCS, HDFC Bank, Hero Motocorp and Tata Power are top gainers in the Sensex. Among the losers are Sun Pharma, M&M and Bharti Airtel.
The Indian rupee opened higher by 18 paise on Friday at 60.49 per dollar versus 60.67 Thursday.The dollar is hovering just below its 2014 peak against a basket of major currencies.
The Indian rupee on Thursday retreated from three-week highs and ended six paise down at 60.67 against the greenback on importer demand for US currency, amid a firm dollar overseas. However, a marginal recovery in local equities and continued capital inflows restricted the rupee fall.
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