Sensex edges higher; exporters rally as dollar shines

Reuters Market Eye - The BSE Sensex edged up on Monday bucking the weak trend in Asian rivals in the face of political unrest in Hong Kong.

The benchmark BSE Sensex was up 0.02percent as of 11:30 a.m.

MSCI's broadest index of Asia-Pacific shares outside Japan dropped 1.4 percent, hitting its lowest level since mid-May.

Exporters gained after the USD/INR pair rebounded, tracking weak Asian currencies.

The dollar hit a four-year peak against a basket of currencies in early Asian trade on Monday.

Sun Pharmaceutical Industries surged 3.4 percent, Lupin Ltd was up 0.7 percent.

Tata Consultancy Services Ltd rose 2.7 percent and Infosys advanced 1.4 percent.

 

(Reporting by Abhishek Vishnoi)