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The Indian rupee opened higher by 10 paise at 66.85 per dollar on Friday versus previous close 66.95.
By: Tradeindia Research
 
INDORE, India - Sept. 2, 2016 - PRLog -- Stock Market OPENING BELL

SENSEX UP + 75.24 @ 28498.72,

NIFTY FUTURE UP + 3.45 @ 8811.80,

BANK NIFTY FUTURE UP + 65.50 @ 19905.00,

USD/INR – 67.83.

Sensex, Nifty open higher; Tata Motors & ITC up, Infosys down

The market has opened higher with the Sensex up 86.13 points or 0.3 percent at 28509.61. The Nifty is up 21.70 points or 0.2 percent at 8796.35. About 237 shares have advanced, 93 shares declined, and 19 shares are unchanged.

Tata Motors, Hero MotoCorp, Coal India, ITC and Dr Reddy's Labs are top gainers while BHEL, Bharti, Axis Bank, Sun Pharma and Infosys are losers in the Sensex.

The Indian rupee opened higher by 10 paise at 66.85 per dollar on Friday versus previous close 66.95.

European stocks were trading higher ahead of crucial US jobs data that could influence when the US Federal Reserve next hikes interest rates. The pan-European STOXX 600 index was trading 0.2 percent higher shortly after markets opened with food and beverages, healthcare and utility stocks leading the index higher.

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ABOVE 744.00

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Global markets are gearing up for the all-important US jobs data due on Friday. The nonfarm payrolls report will be eagerly watched by the Fed and could determine whether the Federal Open Market Committee decides to raise rates when it holds its next monetary policy meeting later this month.

INTERNATIONAL MARKET UPDATE

GOLD $ 1317.55

SILVER $ 19.032,

COPPER $312.35,

CRUDE OIL $ 43.38,

INR 66.825.

PI Industries transfers 51% stake in subsidiary; shares up 2%

Shares of  PI Industries   touched 52-week high of Rs 835, gains 2.6 percent intraday Friday. The company's subsidiary PI Life Science Research has transferred 51 percent stake held in Solinnos Agro Sciences to Mitsui Chemicals Agro Inc. Japan.

At 09:37 hrs PI Industries was quoting at Rs 827.75, up Rs 13.70, or 1.68 percent on the BSE.

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Location:Indore - Madhya Pradesh - India
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