 "Nifty above 8,100 mark; Hero Moto up over 5%")
Benchmark indices are trading near day’s high with Sensex and Nifty trading above 27,000 and 8,100 levels, respectively led by significant buying among index heavyweight shares.
By 14:30, the Sensex was trading at 27,079 mark and up by 448 points after touching an intra-day high of 27,092 and the Nifty was higher by 130 points at 8,106 levels after touching an intra-day high of 8,110.
US Federal Reserve’s decision to keep interest rates near zero for a "considerable time has boosted the sentiments of the market participants.
The provisional data released by the stock exchanges after trading hours on Wednesday showed that foreign portfolio investors (FPIs) bought shares worth a net Rs 136.08 crore on that day.
INDIAN RUPEE
The rupee fell to 60.93 against the US currency at the Interbank Foreign Exchange market due to dollar's gains against other currencies overseas.
Forex dealers said besides strengthening of dollar against other currencies in global market after the US Fed stating it would keep its easy-money policy, increased demand for the American unit from importers and a weak opening in the domestic equity market put pressure on the rupee.
GLOBAL MARKETS
Japan's Nikkei share average closed at a new eight-month high and posted the biggest daily rise in two weeks on Thursday, with a weak yen giving exporters a boost despite disappointing trade data which showed the softer currency is not significantly buoying sales.
The Nikkei share average ended 1.1% higher at 16,067.57 points, the highest closing level since early January. It was the biggest daily percentage gain in two weeks.
The broader Topix rose 1.0% to 1,317.91, and the JPX-Nikkei Index 400 gained 1.1% to 11,946.88.
The dollar hit a six-year high against the yen after the U.S. Federal Reserve on Wednesday renewed its pledge to keep interest rates near zero for a "considerable time" but indicated that it could raise borrowing costs faster than expected when it starts moving. It also confirmed its bond-buying programme will end next month.
European edged higher as US Federal Reserve Chair Janet Yellen indicated that interest rates won't increase anytime soon.
SECTORS & STOCKS
BSE Realty index has zoomed by over 4% followed by counters like Consumer Durables, Auto, Capital Goods, Oil & Gas and power, all gaining between 2-3%. Infact, all the major BSE sectoral indices are trading in positive zone.
Shares of real estate companies have rallied by up to 11% on the bourses on reports that the Real Estate (Regulation and Development) Bill, 2013 is likely to come up for consideration in Rajya Sabha in the forthcoming Winter Session.
Unitech, Housing Development and Infrastructure (HDIL), Indiabulls Real Estate, Oberoi Realty, DLF, D B Realty and Anant Raj Industries are up 4-11% on the National Stock Exchange (NSE).
The main gainers on the Sensex are Hero Moto, Bajaj Auto, Dr Reddy's Labs, HDFC, L&T, Wipro and Tata Motors.
Hero MotoCorp has moved higher by over 5%, extending its previous day’s 2% gain on BSE, after the company said it would set up an ultra-modern manufacturing facility with a capacity to produce 1.8 million units annually in Andhra Pradesh.
Sun Pharmaceutical Industries is trading higher by nearly 2% after the drug maker said it has entered into a licensing agreement with Merck & Co Inc for investigational therapeutic antibody candidate, Tildrakizumab to be used for treatment of plaque psoriasis, a skin ailment.
Among other shares, Snowman Logistics has locked in upper circuit of 5% at Rs 90.15 on BSE, extending its over 80% rally since listing on the bourses on September 12, 2014.
Among broader markets, BSE Midcap and Smallcap indices have surged between 2-3%.
The market breadth in BSE remains firm with 2,141 shares advancing and 825 shares declining.
By 14:30, the Sensex was trading at 27,079 mark and up by 448 points after touching an intra-day high of 27,092 and the Nifty was higher by 130 points at 8,106 levels after touching an intra-day high of 8,110.
US Federal Reserve’s decision to keep interest rates near zero for a "considerable time has boosted the sentiments of the market participants.
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Meanwhile, Chinese President Xi Jinping who is on a three-day visit to India is expected to pledge billions of dollars for upgrading India's infrastructure.
The provisional data released by the stock exchanges after trading hours on Wednesday showed that foreign portfolio investors (FPIs) bought shares worth a net Rs 136.08 crore on that day.
INDIAN RUPEE
The rupee fell to 60.93 against the US currency at the Interbank Foreign Exchange market due to dollar's gains against other currencies overseas.
Forex dealers said besides strengthening of dollar against other currencies in global market after the US Fed stating it would keep its easy-money policy, increased demand for the American unit from importers and a weak opening in the domestic equity market put pressure on the rupee.
GLOBAL MARKETS
Japan's Nikkei share average closed at a new eight-month high and posted the biggest daily rise in two weeks on Thursday, with a weak yen giving exporters a boost despite disappointing trade data which showed the softer currency is not significantly buoying sales.
The Nikkei share average ended 1.1% higher at 16,067.57 points, the highest closing level since early January. It was the biggest daily percentage gain in two weeks.
The broader Topix rose 1.0% to 1,317.91, and the JPX-Nikkei Index 400 gained 1.1% to 11,946.88.
The dollar hit a six-year high against the yen after the U.S. Federal Reserve on Wednesday renewed its pledge to keep interest rates near zero for a "considerable time" but indicated that it could raise borrowing costs faster than expected when it starts moving. It also confirmed its bond-buying programme will end next month.
European edged higher as US Federal Reserve Chair Janet Yellen indicated that interest rates won't increase anytime soon.
SECTORS & STOCKS
BSE Realty index has zoomed by over 4% followed by counters like Consumer Durables, Auto, Capital Goods, Oil & Gas and power, all gaining between 2-3%. Infact, all the major BSE sectoral indices are trading in positive zone.
Shares of real estate companies have rallied by up to 11% on the bourses on reports that the Real Estate (Regulation and Development) Bill, 2013 is likely to come up for consideration in Rajya Sabha in the forthcoming Winter Session.
Unitech, Housing Development and Infrastructure (HDIL), Indiabulls Real Estate, Oberoi Realty, DLF, D B Realty and Anant Raj Industries are up 4-11% on the National Stock Exchange (NSE).
The main gainers on the Sensex are Hero Moto, Bajaj Auto, Dr Reddy's Labs, HDFC, L&T, Wipro and Tata Motors.
Hero MotoCorp has moved higher by over 5%, extending its previous day’s 2% gain on BSE, after the company said it would set up an ultra-modern manufacturing facility with a capacity to produce 1.8 million units annually in Andhra Pradesh.
Sun Pharmaceutical Industries is trading higher by nearly 2% after the drug maker said it has entered into a licensing agreement with Merck & Co Inc for investigational therapeutic antibody candidate, Tildrakizumab to be used for treatment of plaque psoriasis, a skin ailment.
Among other shares, Snowman Logistics has locked in upper circuit of 5% at Rs 90.15 on BSE, extending its over 80% rally since listing on the bourses on September 12, 2014.
Among broader markets, BSE Midcap and Smallcap indices have surged between 2-3%.
The market breadth in BSE remains firm with 2,141 shares advancing and 825 shares declining.