Sensex, Nifty open higher ahead of Economic Survey
Domestic equity benchmark BSE Sensex rose over 100 points in early morning trade on Thursday ahead of the Economic Survey, which will be tabled in Parliament today. The 30-share index opened at 39,917.65, over 75 points higher than its previous closing. The broader NSE NIFTY also opned slightly higher and was quoting at 11,952.95 or 30 per cent higher at 10:07 pm.
An economic survey projecting the state of health of the country's economy and outlining the challenges will be tabled in Parliament today. The survey prepared by Chief Economic Adviser Krishnamurthy Subramanian is likely to flag headwinds that the economy might face in its pursuit to become the world's fifth largest economy.
Meanwhile, the rupee appreciated by 6 paise to 68.83 against the US dollar in opening trade Thursday, tracking positive opening in domestic equities and easing crude oil prices.
Forex traders said rupee is trading in a narrow range as market participants are awaiting cues from the Economic Survey scheduled to be tabled in Parliament Thursday. The rupee opened strong at 68.86 at the interbank forex market then gained further to touch 68.83 per dollar, displaying gains of 6 paise over the previous closing.