On Thursday trade market started off on a positive note after three-day consolidation and pricing in union budget as well as RBI policy.

The 30-share BSE Sensex was up 150.45 points at 28440.37 and the 50-share NSE Nifty gained 47.40 points at 8816.45.

Hero Motocorp and Cipla rallied 1.5-2 percent after quarterly earnings. ICICI Bank, ONGC, SBI, Aurobindo Pharma, Bharti Infratel, Axis Bank and Tata Motors were other gainers. BHEL, HUL and Asian Paints are losers.

Today the Indian rupee gained and opened high by 15 paise at 67.04 per dollar.

Mohan Shenoi of Kotak Mahindra Bank says, “US dollar is in a tight range against most currencies despite strong US payroll data indicating exhaustion in the rally.”

He expects that rupee get strengthen against the dollar with other Asian currencies. According to him, the USD-INR pair is expected to trade in a range of 66.90-67.20/dollar.

Read other:

Finally Revealed! From March 13 there is no limit for cash withdrawal: RBI

Want to know why Infosys, Cognizant are buybacks their massive share?

BSE Sensex up 20.75 points, Nifty gain 0.80 points