Sensex rallies 464 pts, Nifty above 8,400 on Asian leads


Sensex opened 231.33 points up at 27,358, while Nifty opened 90.15 points up at 8,413.35. The BSE Sensex and NSE Nifty are likely to open in green on Monday tracking Nifty futures on the Singapore Stock Exchange (SGX Nifty) and firm global cues.   Rupee traded higher by 26 paise at 67.11 against the US dollar today as exporters and banks stepped up selling of the American currency.

Forex dealers said a strong opening in domestic equity markets beefed up the rupee, but dollar’s strength against other currencies overseas following bigger-than-expected jump in US job creation capped rupee’s gains.

The rupee had gained 2 paise to close at 67.37 on Friday after fresh selling of the greenback amid volatile domestic equities.

Asian equity markets advanced on Monday as upbeat US jobs data lessened immediate concerns about health of the world’s largest economy, though long-run fallout from Brexit kept sovereign yields near record lows. Hang Seng, Nikkei and Shanghai were trading up by 1.60 per cent, 3.50 per cent and 0.41 per cent, respectively.

On Friday, Sensex closed 74.59 points, or 0.27 per cent, down at 27,126.90


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