Banks are on gaining while Tata Power is up 1 percent. The rupee opened higher at 60.84 per dollar, up 5 paise from Friday's closing value of 60.89 a dollar.
09:15
Moneycontrol BureauLive Market Commentary The market has opened fairly higher on March F&O expiry week. The Sensex is up 96.48 points at 21851.80, and the Nifty is up 21.75 points at 6514.95.
Bank stocks are strong with Axis Bank and HDFC Bank gaining over 1 percent each. Other gainers in the Sensex are Tata Power, ONGC and Cipla.
Hindalco, Sun Pharma, Infosys, Dr Reddy's Labs and ITC are losers in the Sensex.
About 336 shares have advanced, 106 shares declined, and 27 shares are unchanged.
The Indian rupee opened higher at 60.84 per dollar, up 5 paise from Friday's closing value of 60.89 a dollar.
Major currencies are off to a lackluster start following a relatively uneventful weekend with the dollar holding onto most of last week's solid gains at 80.130.
Traders say further gains for the dollar now depend on the strength of upcoming data with any acceleration in the US economic recovery likely to bolster expectations of an earlier normalisation of fed policy.
Global cues, meanwhile, were mixed with the US markets ending in red and the S&P 500 erasing gains after rising to an intraday high. Asia is positive in morning trade with Japan's Nikkei gaining over a percent.
Crude oil is trading flat, as traders scrambled to cover short positions after the US and EU imposed sanctions on Russia, thereby renewing fears of a supply disruption.
From the precious metals space, gold is edging lower on Monday after posting its biggest weekly drop since November.
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