Mumbai: The market kick-started October F&O series in the green territory. The Nifty is up 23.30 points at 5905.55 while the Sensex is up 52.62 points or 0.26 per cent at 19946.47. About 211 shares have advanced, 51 shares declined, and 18 shares are unchanged.
The rupee started a day below the 62-mark on Friday at 61.89 per dollar, up 18 paise from previous close.
Himanshu Arora of Religare feels the rupee may trade slightly strong against the dollar on steps taken by RBI to assure liquidity in the market. "Moreover sentiment for the rupee remains positive as foreign banks are currently selling dollars, instead of rolling-on their long outstanding positions. Strong Asian currencies are also providing positive cues," he adds.
According to him, the range for the day is seen between 61.70-62.20/USD. US markets closed modestly higher in a choppy trading session on Thursday with major averages avoiding a six-day losing streak. European markets close mixed weighed down by political uncertainty in Italy.
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