Sensex gains 100 pts, Nifty eyes 7950; ICICI, ONGC lead

After two-day of consolidation, equity benchmarks opened higher with the Sensex rising 112.87 points to 26555.68 and the Nifty eyeing 7950 leve, up 29.30 points at 7934.05.

About 732 shares have advanced, 187 shares declined, and 22 shares are unchanged.

The Indian rupee opened lower at 60.48 per dollar, down 5 paise compared to previous day's closing value of 60.43 a dollar.

Rupee may also weaken ahead of the GDP data for the April-June quarter expected on Friday. Expect USD-INR to trade in the range of 60.22-60.75/dollar.

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