Indian markets march to newer heights remains unabated despite weak global cues. S&P BSE Sensex and Nifty opened cautiously and momentum picked up as the session progressed. Sensex was trading at 62,864.29, up 359.49 points or 0.58 per cent while Nifty50 was trading at 18,668.40, up 105.65 points or 0.57 per cent. The intraday highs for the 30-stock Sensex was 62,877.73 while 18,671.60 for Nifty50. The rally was led by metal and FMCG stocks. The top gainers were Hindustan Unilever (HUL), Nestle India, Hero MotoCorp, JSW Steel and Tata Steel while the top losers were Indusind Bank, Power Grid, Bajaj Finserv, Coal India and Larsen & Toubro.
Singapore-based SGX Nifty futures, an early indicator of movement in Nifty50 also recovered its early morning losses and were trading at 18,806, up 77 points or 0.41 per cent while Dow Futures also gained and were trading at 33,930.40, up 56.70 points or 0.24 per cent.
Rupee rises 8 paise to 81.60 against US dollar in early trade.