Shares in green; Infosys up 2%; rupee rises

The Indian markets opened in the green with the Sensex opening at 17762.91, up by 0.43 percent and Nifty 0.32 percent at 5384.45 with Infosys opening 2 percent higher after the visa case against the IT heavyweight was dismissed by the Alabama Court.

FP Staff August 21, 2012 09:39:23 IST
Shares in green; Infosys up 2%; rupee rises

The Indian markets opened in the green with the Sensex opening at17762.91, up by 0.43 percent and Nifty 0.32 percent at5384.45 with Infosys opening 2 percent higher after the visa case against the IT heavyweight was dismissed by the Alabama Court.

The rupee opened up at 55.50 against the dollar.

Shares in green Infosys up 2 rupee rises

The Bank Index also showed significant gains including ICICI Bank, SBI opening in the green. Reuters

The Asian shares edged up on Tuesday as investors held on to hopes the European Central Bank will act to soothe borrowing costs, even as officials denied a report about the shape of its planned bond buying strategy.

Domestically, the July consumer price inflation will be announced today. The oil and gas companies including ONGC, IOC, BPCL opened in the green after the government indicated a diesel price hike in the next two months. The oil and gas index is up 27 points in the opening session.

The Bank Index also showed significant gains including ICICI Bank, SBI opening in the green.

Stocks in news

Maruti Suzuki is up 1.10 percent with the company's Manesar plant reproduction starts today after being shut for over a month.

Infosys is up over 2 percent after the US court dismissed the Jack Palmer visa case against Infosys.

Tata Power is up close to a percent, correcting itself after the CAG report on coal.

Novartis is up 1 percent ahead of the Supreme Court hearing of final arguments starting this week in a landmark case over drug patents.

Updated Date:

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