Sensex, Nifty up 1%

[epicresearch]

The BSE Sensex and NSE Nifty opened 1% higher on Monday on the back of positive developments in euro zone over the last weekend. The Indian rupee appreciated 27 paise to 55.15 as against the US dollar. The BSE benchmark gained 164.19 points at 16,883.06 and the NSE benchmark went up 53.30 points to 5,121.65. Asian markets too rallied quite smartly after this news. Hang Seng and Nikkei rose 2%. Straits Times and Kospi were up 1.5%. Taiwan Weighted moved up 1.2% while Shanghai was flat due to weak inflation data. China’s inflation for May declined at 3% as against 3.4% in previous month.