NEW YORK Jan 28 The dollar gained versus the yen on Monday after data showed U.S. durable goods orders rose more than expected in December.
The dollar rose as high as 91.09 yen on Reuters data, compared with 90.86 before the data.
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With the Nifty breaching 8,500, sentiments are again bullish. But markets have been in the 8,200-8,600 range for some time and stocks across the board do not give the required confidence except for the liquidity factor. Many frontline stocks are not participating on the upside and the core sector is in a downtrend, writes Ambareesh Baliga. Column