Markets have extended gains and have started the trading session on a higher note tracking firm global cues. ECB’s decision to cut interest rates and infuse money into the euro zone economy has buoyed the sentiments among local investors.
By 9:25, the Sensex was higher by 167 points at 25,187 mark and the Nifty gained by 43 points 7,517 levels.
Markets ended firm yesterday on renewed buying interest to end at record highs. Further, reports that monsoons are expected shortly also helped improve sentiment.
Key benchmark indices in Indonesia, Hong Kong, Singapore and Taiwan were up 0.11% to 0.41%. Key benchmark indices in South Korea and China fell 0.32% to 0.65%.
US stocks rose on Thursday, with the S&P 500 hitting a record for the seventh time in eight sessions, after the European Central Bank cut rates to record lows and pledged to do more if needed to fight off the risk of deflation.
Back home, foreign institutional investors (FIIs) bought shares worth a net Rs 1,368.97 crore on Thursday, as per provisional data from the stock exchanges.
The rupee is trading at 59.20 versus the dollar, higher than yesterday’s close.
On the sectoral front, BSE Oil & Gas and Realty indices have surged by nearly 2% each followed by counters like Banks, Capital Goods, Power, Metal, Consumer Durables, Auto, FMCG and Healthcare, all gaining by 1% each.
The main gainers on the Sensex are Sun Pharma, RIL, Tata Power, ONGC, Hindalco, Tata Steel, HDFC Bank and GAIL. Apart from Infosys, all the 30 shares in Sensex are trading in green.
Idea Cellular has opened a QIP issue through which it will offer equity shares worth Rs 3,000 crore. The stock is up by over 2%.
The broader markets are outperforming the benchmark indices- BSE Midcap and Smallcap indices have gained by over 1% each.
The market breadth in BSE remains firm with 1,215 shares advancing and 202 shares declining.
By 9:25, the Sensex was higher by 167 points at 25,187 mark and the Nifty gained by 43 points 7,517 levels.
Markets ended firm yesterday on renewed buying interest to end at record highs. Further, reports that monsoons are expected shortly also helped improve sentiment.
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Asian stocks rose on Friday after the unprecedented low rates from the European Central Bank and before US payrolls data due later in the global day.
Key benchmark indices in Indonesia, Hong Kong, Singapore and Taiwan were up 0.11% to 0.41%. Key benchmark indices in South Korea and China fell 0.32% to 0.65%.
US stocks rose on Thursday, with the S&P 500 hitting a record for the seventh time in eight sessions, after the European Central Bank cut rates to record lows and pledged to do more if needed to fight off the risk of deflation.
Back home, foreign institutional investors (FIIs) bought shares worth a net Rs 1,368.97 crore on Thursday, as per provisional data from the stock exchanges.
The rupee is trading at 59.20 versus the dollar, higher than yesterday’s close.
On the sectoral front, BSE Oil & Gas and Realty indices have surged by nearly 2% each followed by counters like Banks, Capital Goods, Power, Metal, Consumer Durables, Auto, FMCG and Healthcare, all gaining by 1% each.
The main gainers on the Sensex are Sun Pharma, RIL, Tata Power, ONGC, Hindalco, Tata Steel, HDFC Bank and GAIL. Apart from Infosys, all the 30 shares in Sensex are trading in green.
Idea Cellular has opened a QIP issue through which it will offer equity shares worth Rs 3,000 crore. The stock is up by over 2%.
The broader markets are outperforming the benchmark indices- BSE Midcap and Smallcap indices have gained by over 1% each.
The market breadth in BSE remains firm with 1,215 shares advancing and 202 shares declining.