9:30 AM: Sensex up over 100 pts, Nifty holds 8100; Wipro, Hero weak
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The market has opened on a strong note. The Sensex is up 121.00 points at 27147.70, and the Nifty is up 46.10 points at 8132.95. About 567 shares have advanced, 112 shares declined, and 29 shares are unchanged.
GAIL, ONGC, Bharti Airtel, Sesa Sterlite and L&T are top gainers in the Sensex. Among the losers are Coal India, Wipro and Hero.
The Indian rupee opened at highest level since July 31. It has gained 10 paise at 60.29 per dollar against 60.39 on Friday.
Sterling slumped to its lowest in nearly 10 months on Monday amid worries about political uncertainty after an opinion poll showed supporters of Scottish Independence from Britain taking the lead for the first time since the referendum campaign began. It skidded nearly 1 percent.
Agam Gupta of Standard Chartered said, "Expect to see very strong nationalised bank demand between levels of 60.20-60.25/dollar. Expect Rupee to trade in a range of 60.20-60.40/dollar for the day. Exporters and FIIs likely to sell on upticks.”
In commodities, Brent crude slipped towards 100 dollars per barrel following weakness in US jobs data.