09:15
Moneycontrol BureauLive Market Commentary The Sensex is up 102.47 points at 22731.43, and the Nifty is up 16.40 points at 6792.70.
About 369 shares have advanced, 114 shares declined, and 55 shares are unchanged.
Infosys, India's second largest software services exporter, beat the street by reporting fourth quarter (January-March) net profit at Rs 2,992 crore, up 4 percent compared to previous quarter in FY14.
However, revenues fell 1.15 percent to Rs 12,875 crore as against Rs 13,026 crore on sequential basis.Analysts had expected bottomline at Rs 2,835 crore and revenue at Rs 12,962 crore for the quarter.
The Indian rupee opened lower by 14 paise at 60.31 per dollar against 60.17 Friday.
The dollar is firm versus major currencies, after US retail sales data signaled a brighter outlook for the US economy.
The euro remained under pressure from weekend comments from European Central Bank officials, including ECB President Mario Draghi, who rekindled speculation about more easing in the euro zone.
Against the yen, the greenback edged up to 101.93 yen, moving away from Friday's 3-1/2-week low.
Pramit Brahmbhatt of Veracity said that, "Rupee is expected to appreciate on the back of strong Asian and US equities. Indian local equity is also expected to open in green which will aid rupee. The range for the day is seen between Rs 59.50 - 60.75/dollar."
In the US, stocks advanced as investors embraced data that had US retail sales jumping the most since 2012 while tracking tensions in Ukraine. Major indices ended near session highs after scaling back on their gains late in the session. The CBOE volatility index fell 4.6 percent to 16.25.
In commodities, Brent crude rose to 108 dollar levels as western powers considered tougher sanctions against Russia over its actions in Ukraine.
In the precious metals space, gold rose to around a three-week high as mounting tensions in Ukraine curbed investor appetite for risk. SPDR gold trust, the world's largest gold-backed exchange-traded fund, saw its holdings rise 1.80 tonnes to over 806 tonnes, the first inflow since March 24.
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