 "Nifty hits 6,350 in opening deals, financials lead")
Markets have surged ahead after making a flat opening tracking mixed global cues.
By 9:30, the Sensex was higher by 123 points at 21,264 mark and the Nifty inched up by 34 points at 6,335 levels.
China's factory activity expanded at the slowest pace in three months in December, weighed down by shrinking export orders, a private survey showed on Thursday, consistent with views the economy's growth rate has moderated into the end of the year.
Foreign institutional investors (FIIs) bought shares worth a net Rs 10.16 crore on Wednesday, 1 January 2014, as per provisional data from the stock exchanges.
Asian markets got the New Year off to a sluggish start as Chinese economic data disappointed ahead of a raft of reports on global manufacturing due out through the session. The early action was in currencies, where the yen resumed its long decline as investors used it to fund purchases of higher-yielding assets abroad.
Japan's Nikkei was closed on Thursday but ended 2013 with an annual gain of 57%. Many analysts look for a further advance this year as the Bank of Japan remains committed to its massive stimulus campaign.
The US stock market was closed on Wednesday for New Year's Day holiday.
Back home, BSE Bankex, Capital Goods, Realty, Power, Oil & Gas and FMCG indices have gained by nearly 1% each. Infact, all the major BSE sectoral indices are trading in green zone.
The main gainers on the Sensex at this hour include HDFC, ONGC, HDFC Bank, Axis Bank, Cipla, RIL, ICICI Bank, L&T, ITC, TCS and Hero Moto.
The broader markets are performing well in line with the benchmark indices- BSE Midcap and Smallcap indices are up by nearly 1% each.
The market breadth in BSE remains positive with 795 shares advancing and 173 shares declining.
By 9:30, the Sensex was higher by 123 points at 21,264 mark and the Nifty inched up by 34 points at 6,335 levels.
China's factory activity expanded at the slowest pace in three months in December, weighed down by shrinking export orders, a private survey showed on Thursday, consistent with views the economy's growth rate has moderated into the end of the year.
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The final HSBC/Markit manufacturing Purchasing Managers' Index (PMI) slipped to 50.5 in December from 50.8 in November, unchanged from a preliminary reading.
Foreign institutional investors (FIIs) bought shares worth a net Rs 10.16 crore on Wednesday, 1 January 2014, as per provisional data from the stock exchanges.
Asian markets got the New Year off to a sluggish start as Chinese economic data disappointed ahead of a raft of reports on global manufacturing due out through the session. The early action was in currencies, where the yen resumed its long decline as investors used it to fund purchases of higher-yielding assets abroad.
Japan's Nikkei was closed on Thursday but ended 2013 with an annual gain of 57%. Many analysts look for a further advance this year as the Bank of Japan remains committed to its massive stimulus campaign.
The US stock market was closed on Wednesday for New Year's Day holiday.
Back home, BSE Bankex, Capital Goods, Realty, Power, Oil & Gas and FMCG indices have gained by nearly 1% each. Infact, all the major BSE sectoral indices are trading in green zone.
The main gainers on the Sensex at this hour include HDFC, ONGC, HDFC Bank, Axis Bank, Cipla, RIL, ICICI Bank, L&T, ITC, TCS and Hero Moto.
The broader markets are performing well in line with the benchmark indices- BSE Midcap and Smallcap indices are up by nearly 1% each.
The market breadth in BSE remains positive with 795 shares advancing and 173 shares declining.