It was a quiet start for the Nifty on the first day of the expiry week. The Sensex was up 109.42 points or 0.66% at 16327.27, and the Nifty was up 32.51 points or 0.65% at 4952.92. About 650 shares advanced, 256 shares declined, and 2514 shares remain unchanged.

Auto, banks and capital goods stocks were on buyer's radar today. The broader markets also opened with decent gains.


The Indian rupee opens at 55.23 per dollar versus 55.36 on Friday.
Top gainers on the Nifty were Bank of Baroda, SBI, BHEL, Jaiprakash Associates and Tata Steel. GAIL, BPCL, HUL and Ambuja Cements were bleeding in red.

Reliance Communications, India's second-biggest mobile phone carrier by subscribers, said on Saturday its fourth-quarter profit nearly doubled - its first profit rise in 11 quarters - on sharply lower costs.

IDFC with a target price of Rs 131 and a stop loss to be placed at Rs 121. The stock made a double bottom around Rs 111 levels. The intermediate high was around Rs 124 which has given a lot resistance to the stock over the last few days. The stock has closed well above Rs 124 levels and we could expect a quick move to Rs 131 in the short term.