The market has opened higher. The Sensex is up 71.07 points at 28876.17 and the Nifty is up 29.95 points at 8741.50. About 464 shares have advanced, 144 shares declined, and 136 shares are unchanged.
SBI is up 2 percent while ICICI Bank, Hero, Dr Reddy's Labs, and Sun Pharma. BHEL is down 5 percent and Coal India, ONGC, Infosys and M&M are losers in the Sensex.
The Indian rupee gained in early trade. It rose 18 paise to 62.13 per dollar against 62.31 Thursday.The dollar drops across the board after weaker-than-expected US economic data.
The stocks in the US closed sharply higher as investors cheered a cease-fire agreement between Russia and Ukraine, amid firming oil prices and strong earnings reports. The Nasdaq closed up 1.18 percent to 4,857 its highest level since march 2000.
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