 "Nifty holds 6,300 mark, financials gain")
Benchmark indices continue to hold to their gains led by buying among financials and software shares.
The market sentiment is boosted by data showing that foreign funds were net buyers of Indian stocks on Thursday, 26 December 2013. Foreign institutional investors (FIIs) bought shares worth a net Rs 743.70 crore on Thursday, 26 December 2013, as per provisional data from the stock exchanges.
By 11:45, the Sensex was higher by 110 points at 21,185 mark and the Nifty gained by 32 points at 6,311 levels.
On the global front, most Asian share markets notched up gains on Friday after another powerful performance by Wall Street, while Japanese economic data impressed and the dollar briefly broke the 105 yen barrier for the first time in five years.
Shanghai made the running with a rise of 0.8 percent as money rates eased and China set its yuan at an historic high. MSCI's broadest index of Asia-Pacific shares outside Japan managed to add 0.25 percent.
Supporting sentiment was another record close for the Dow, while the S&P 500 brought its gains for the year so far to 29%.
Tokyo's Nikkei also started well enough but the early six-year peak attracted profit-takers and nudged it 0.3% lower. Still, the index remains 55 percent higher for the year, its best annual performance since 1972, driven by Japan's aggressive fiscal and monetary stimulus.
Back home, the rupee is trading at 62.08 per dollar vs previous close of 62.16/17 as month-end dollar demand from oil importers continues to weighs. .
BSE Realty, Metal, Consumer Durables, IT, FMCG and Bankex indices have gained between 1-2%. Apart from Oil & Gas, all the major BSE sectoral indices are trading in positive zone.
The major gainers on the Sensex at this hour include Sesa Sterlite, Infosys, TCS, Wipro, SBI, HDFC, L&T, Tata Motors and ICICI Bank.
On the losing side, BHEL, Maruti Suzuki, RIL, Bajaj Auto and Hero Moto slipped between 0.1-1%.
Polaris Financial Technology surged 3.66% after the Securities Appellate Tribunal quashed and set aside a Sebi order that barred the company's chairman Arun Jain from market activities on charges of insider trading.
Shares of Multi Commodity Exchange of India and Financial Technologies (India) were off 2.43% to 3.59% after MCX said its board has advised FTIL to implement FMC's order by reducing its stake in MCX.
The market breadth in BSE remains positive with 1,284 shares advancing and 834 shares declining.
The market sentiment is boosted by data showing that foreign funds were net buyers of Indian stocks on Thursday, 26 December 2013. Foreign institutional investors (FIIs) bought shares worth a net Rs 743.70 crore on Thursday, 26 December 2013, as per provisional data from the stock exchanges.
By 11:45, the Sensex was higher by 110 points at 21,185 mark and the Nifty gained by 32 points at 6,311 levels.
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Accordong to Devangshu Datta, Technical Analyst and market expert, “Hitting resistance above 6375 (futures price) and support at 6350. Breakouts / breakdowns from this very narrow range could go till 6400 or till 6325. Overall trend is positive (good advance-declines ratio) so an upside move is more likely.”
On the global front, most Asian share markets notched up gains on Friday after another powerful performance by Wall Street, while Japanese economic data impressed and the dollar briefly broke the 105 yen barrier for the first time in five years.
Shanghai made the running with a rise of 0.8 percent as money rates eased and China set its yuan at an historic high. MSCI's broadest index of Asia-Pacific shares outside Japan managed to add 0.25 percent.
Supporting sentiment was another record close for the Dow, while the S&P 500 brought its gains for the year so far to 29%.
Tokyo's Nikkei also started well enough but the early six-year peak attracted profit-takers and nudged it 0.3% lower. Still, the index remains 55 percent higher for the year, its best annual performance since 1972, driven by Japan's aggressive fiscal and monetary stimulus.
Back home, the rupee is trading at 62.08 per dollar vs previous close of 62.16/17 as month-end dollar demand from oil importers continues to weighs. .
BSE Realty, Metal, Consumer Durables, IT, FMCG and Bankex indices have gained between 1-2%. Apart from Oil & Gas, all the major BSE sectoral indices are trading in positive zone.
The major gainers on the Sensex at this hour include Sesa Sterlite, Infosys, TCS, Wipro, SBI, HDFC, L&T, Tata Motors and ICICI Bank.
On the losing side, BHEL, Maruti Suzuki, RIL, Bajaj Auto and Hero Moto slipped between 0.1-1%.
Polaris Financial Technology surged 3.66% after the Securities Appellate Tribunal quashed and set aside a Sebi order that barred the company's chairman Arun Jain from market activities on charges of insider trading.
Shares of Multi Commodity Exchange of India and Financial Technologies (India) were off 2.43% to 3.59% after MCX said its board has advised FTIL to implement FMC's order by reducing its stake in MCX.
The market breadth in BSE remains positive with 1,284 shares advancing and 834 shares declining.