 "Markets open higher on short-covering")
Markets opened on a positive note this Wednesday on back of short-covering witnessed in real-estate, technology, banking sectors after five consecutive days of declines.
At 9:15AM, the Bombay Stock Exchange's 30-share index Sensex rose 128.66 points at 18,355.14 while the National Stock Exchange's 50-share Nifty gained 41.15 points at 5,536.
Domestic investor are likely to focus on Infosys results on Friday will decide the market trend going ahead. Also Industrial production numbers, which is due on Friday, may also have some impact on the trading sentiment this week as IIP data is likely to be a key input for RBI's next policy review on May 3.
Asian markets traded mixed with China’s Shanghai Composite Index falling 0.17% to 2,221.93, Hong Kong’s Hang Seng gained 0.15% to 21,903, Singapore’s Straits Times declined 0.3% to 3,286 while Japan’s Nikkei was up 0.7% to 13,289.
Back home, all the key sectoral indices were up with IT and technology, real-estate, banking sectors leading on BSE.
The broader markets traded positive with mid-caps and small-caps gaining nearly 0.3-0.4% on BSE.
The market breadth was positive. Out of 505 stocks traded, 402 stocks gained compared to 92 declines on BSE.
At 9:15AM, the Bombay Stock Exchange's 30-share index Sensex rose 128.66 points at 18,355.14 while the National Stock Exchange's 50-share Nifty gained 41.15 points at 5,536.
Domestic investor are likely to focus on Infosys results on Friday will decide the market trend going ahead. Also Industrial production numbers, which is due on Friday, may also have some impact on the trading sentiment this week as IIP data is likely to be a key input for RBI's next policy review on May 3.
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Global risk appetite was firm on hopes of global growth recovery after Alcoa Inc, the largest U.S. aluminum producer, reported first-quarter earnings that exceeded analysts’ estimates as demand from airplane and car manufacturers increased.
Asian markets traded mixed with China’s Shanghai Composite Index falling 0.17% to 2,221.93, Hong Kong’s Hang Seng gained 0.15% to 21,903, Singapore’s Straits Times declined 0.3% to 3,286 while Japan’s Nikkei was up 0.7% to 13,289.
Back home, all the key sectoral indices were up with IT and technology, real-estate, banking sectors leading on BSE.
The broader markets traded positive with mid-caps and small-caps gaining nearly 0.3-0.4% on BSE.
The market breadth was positive. Out of 505 stocks traded, 402 stocks gained compared to 92 declines on BSE.