Santa rally on D-St; Nifty nears 8100, Sensex up over 100 pts

The market continues to rise with the Sensex up 121.85 points or 0.5 percent at 26335.29 The Nifty is up 39.55 points or 0.5 percent at 8072.40. About 1320 shares have advanced, 382 shares declined, and 76 shares are unchanged.

Cipla, Wipro, Dr Reddy's Labs, Axis Bank and Lupin are top gainers while Tata Steel and Tata Motors are losers in the Sensex.

The Indian rupee opened marginally lower at 68.10 per dollar versus previous close 68.07.

"Rupee will continue to trade negative with low volatility due to an appreciating dollar. Trading range for the spot USD/INR pair would be 68-68.20/dollar."

The US dollar gained against the yen on stronger-than-expected US housing data and expectations for a hawkish Federal Reserve, but remained below a recent 10-month high in thin holiday trading.

Globally, Asia stocks followed Wall Street higher early, while the dollar firmed against major peers such as the yen following the release of upbeat US economic data overnight.

Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.

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