Indian markets have opened on a positive note with Sensex up 300 points while the Nifty is trading above the 11,300 marks. About 779 shares have advanced, 340 shares declined, and 50 shares are unchanged.
Metal stocks are shining in this morning session with the index outperforming all other sectors. Nifty Metal gained over 2 percent led by Vedanta and Jindal Steel & Power which jumped over 4 percent each followed by Tata Steel, JSW Steel, Coal India, and Hindustan Zinc.
The Indian rupee opened 24 paise higher at 70.83 per dollar on October 11 and rose to a one-week high at 70.81 as the greenback weakened against its global peers.
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