Pre-Opening, Nifty Holds 11,000

Ideal Stock Mixed global cues as well as SGX Nifty trends likely to spill over to the market here.

Rupee opens: The Indian rupee gained in the early trade on Monday. It has opened higher by 14 paise at 68.70 per dollar versus previous close 68.84.

The dollar-rupee July contract on the NSE was at 68.92 in the previous session. July contract open interest declined 1.39 percent in the previous day, said ICICIdirect.

We expect the USD-INR to meet supply pressure at higher levels. Utilise upsides in the pair to initiate short positions, it added.

Market at pre-open: It’s a flat start to the market in pre-opening session, with the Nifty index holding 11,000-mark. 

At 09:01 hrs IST, the Sensex is up 42.28 points or 0.12% at 36538.65, and the Nifty up 46.60 points or 0.42% at 11056.80.