Sensex gains over 150 points, Nifty nears 7800

| Monday, May 9, 2016 - 10:50
First Published |
Sensex rallies 150 pts, Nifty nears 7800

Sensex rallies 150 pts, Nifty nears 7800

New Delhi: Supported by index heavyweights, the stock market has kickstarted the week on a strong note. 
The Indian rupee opened marginally higher at 66.52 per dollar on Monday versus 66.55 Friday. 
The dollar index rose against a basket of currencies after the head of the New York Federal Reserve, William Dudley reportedly told the New York Times the US Central Bank may raise interest rates twice in 2016 following weaker than expected April data on hiring. 
Oil prices surged more than 2% at the start of session, as wildfires in Canada shut half of the country's vast oil sands capacity over the weekend, accoring to the reports.

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