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Markets Trade Higher Despite Greece Default
Benchmark indices are trading higher despite Greece default. Indian market gained momentum after the government data showed that growth in production in the eight key infrastructure sectors for the month of May.
The Sensex was trading higher by 144 points, while the Nifty was up 44 points in trade.
The rally was supported by gains in the pharma, capital goods, consumer durable, and realty stocks.
The Indian rupee started the day with flat note and depreciated 4 paise to 63.68 against the US dollar in early trade today at the Interbank Foreign Exchange.
Markets seen trading higher despite Greece default of 1.6 bn euro repayment to IMF.
Lupin, BHEL, Sun pharma, Coal India were among the top gainers on NSE in morning trade.
While Wipro, IndusInd Bank, NMDC and ITC who lost the ground in morning trade.
Global Markets
US stocks ended higher on hopes for the deal that Greece will be in the euro.
Asian share markets rose in trade with Japan's Nikkei up 0.2%. China's Shanghai Composite is up 0.2 per cent.
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