Live Market Update: Nifty Hits 8700, Sensex Up Over 100 pts

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The Indian Stock market has opened higher on weekday. The not bad has opened at new 52-week high with the 50-share index up 26.95 points or 0.3 % at 8710.10 and therefore the Sensex is up 113.53 points or 0.4 % at 28191.88. regarding 409 shares have advanced, one hundred and one shares declined, and thirty seven shares square measure unchanged. Bajaj Auto, Axis Bank, Adani Ports, M&M and Maruti square measure prime gainers whereas Infosys, GAIL, TCS and Bharti Airtel square measure losers within the Sensex. Wockhardt is down 12 %. 

The Indian monetary unit opened lower by eight paise at 66.85 per greenback on weekday versus previous shut 66.77. greenback gained ground versus the yen amid the bigger-than-estimated increase in yankee payrolls. Pramit Brahmbhatt of truthfulness aforesaid, "We expect the rupee to trade with a positive bias as way because it trades on top of 67/dollar. it'll get steam from positive domestic cues to go towards sixty six.50/dollar."

 Asian shares rose on weekday and therefore the greenback stood tall once a stronger-than-expected Gregorian calendar month jobs report raised confidence within the strength of the North American nation economy - intensifying expectations that the North American nation Fed might hike interest rates this year.