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Market opens in the green amid rupee, crude recovery; OMCs gain

Market opens in the green amid rupee, crude recovery; OMCs gain

Market opens in the green amid rupee, crude recovery; OMCs gain
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By Nidhi Chugh  May 28, 2018 12:04:28 PM IST (Updated)

The market has opened in the green with the BSE Sensex trading at 34,0513 points, gaining more than 100 points in the first trade, and the NSE Nifty trading at 10,648 points due to the rupee, crude recovery and the global cues remaining largely strong.

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The rupee opened in its two-week high, at 67.52 against the US dollar, marking its recovery path.
The oil marketing companies rose as the oil prices eased in trade, however, the petrol and diesel prices rose for the 15th day, which is expected to keep the oil stocks in check.
The oil prices eased as the market is eyeing three countries to bridge the supply gap.
The oil marketing companies — HPCL, BPCL — Sun Pharma, GAIL and Yes Bank are among the top index gainers, while Manpasand Beverage is losing more than 20% after Deloitte resigned as their auditor.
IT stocks such as Tech Mahindra, TCS and HCL Tech are the major index losers.
On the earnings front, L&T, Oil India, Aurobindo Pharma, NTPC, NMDC, Bank of India, among others, will declare their quarterly results.
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