Markets opened higher this Wednesday tracking firm Asian shares on hopes of global growth recovery in world’s two-biggest economies, US and China.
Global investor sentiment improved after US service-industry growth gained momentum, while China maintained its economic-growth target at 7.5 per cent for 2013.
Meanwhile speculation that the US Federal Reserve will continue its accomodative monetary policy stance in the wake of sluggish growth in the US fuelled buying into the riskier assets.
Asian markets traded higher with China's Shanghai Composite Index gaining 0.68% to 2,342 , Singapore's Straits Times added 0.8% to 3,271 , Hong Kong's Hang Seng rose 0.8% to 22,740 while Japan's Nikkei gained 1% to 11,838.
Back home, among sectors, real-estate, metals, capital goods, autos, bankex led gains on BSE. The broader markets gained with mid-caps and small- caps rising 0.2-0.3%.
The market breadth was firm. Out of 472 stocks traded , 381 stocks advanced compared to 85 declined on BSE.
Global investor sentiment improved after US service-industry growth gained momentum, while China maintained its economic-growth target at 7.5 per cent for 2013.
Meanwhile speculation that the US Federal Reserve will continue its accomodative monetary policy stance in the wake of sluggish growth in the US fuelled buying into the riskier assets.
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The Bombay Stock Exchange's Sensex opened higher 111.03 points at 19,254.20 while the National Stock Exchange's Nifty gained 32.15 points to open at 5,816.40.
Asian markets traded higher with China's Shanghai Composite Index gaining 0.68% to 2,342 , Singapore's Straits Times added 0.8% to 3,271 , Hong Kong's Hang Seng rose 0.8% to 22,740 while Japan's Nikkei gained 1% to 11,838.
Back home, among sectors, real-estate, metals, capital goods, autos, bankex led gains on BSE. The broader markets gained with mid-caps and small- caps rising 0.2-0.3%.
The market breadth was firm. Out of 472 stocks traded , 381 stocks advanced compared to 85 declined on BSE.