 "Nifty reclaims 7,800, Midcaps outperform; CPI, WPI nos eyed")
Benchmark indices are trading higher amid choppy trades ahead of the CPI and WPI numbers.
By 10:30, the Sensex was trading at 25,695 mark up 85 points and the Nifty gained 25 points at 7,814.
The broader markets are however outperforming the benchmark indices- BSE Midcap and Smallcap indices are up 0.4-1%.
In the currency front, the rupee recovered 14 paise to 66.40 against the dollar in early trade today at the Interbank Foreign Exchange on fresh selling of the US currency by exporters and banks amid positive economic data.
KEY ANNOUNCEMENTS
The government is scheduled to unveil the consumer price index (CPI) data for the month of August 2015 after market hours today. The government will release the data on inflation based on the wholesale price index (WPI) for August 2015 at 12:00 IST today.
The Federal Open Market Committee (FOMC) meet, which will be held on September 16-17, will be closely followed by the investors as the Fed is expected to end the uncertainty around the interest rate situation by hiking the interest rates for the first time in eight years.
GLOBAL MARKETS
Asian shares rose on Monday in cautious trade, shrugging off soft economic data from China, as investors pondered whether the U.S. Federal Reserve will be confident enough to raise interest rates this week for the first time in a decade.
MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.3%.
US stock futures rose 0.2% from late U.S. levels in Asian trade, building on Friday's solid daily and weekly gains on Wall Street.
But Japan's Nikkei stock index erased an early rise and dipped 0.5%.
Ahead of the US Federal Reserve's policy meeting on Wednesday and Thursday, the Bank of Japan's own two-day meeting will wrap up on Tuesday. Policymakers are widely expected to hold steady, despite increasing evidence that Japan's inflation and growth remain in the doldrums.
SECTORS & STOCKS
BSE Power, Realty and Metal indices are up between 1-2% followed by counters like Healthcare, Banks, Capital Goods and Oil & Gas, all gaining nearly 1% each.
The top gainers from the Sensex pack are NTPC, Tata Steel, GAIL, Axis Bank and Vedanta.
Cairn India's $1.25 billion loan to its promoter group, which had spooked investors, was used by Vedanta Ltd to repay another inter-company loan taken for acquisition of the oil company.
On the losing side, Relinace Inds, Hero Moto, HUL, Bajaj Auto and HDFC have slipped marginally.
SMART MOVERS
Just Dial is trading higher by nearly 5% at Rs 855 on the BSE after the company announced that it has launched its latest Android App on the Google Play Store for users.
Venkys (India) has surged 15% to Rs 490 on the BSE after the board has recommended the issue of bonus shares in the ratio of 1:2 i.e. one bonus equity share for every two equity shares each held.
Kesoram Industries has rallied 15% to Rs 117 on the BSE in the early morning trades after the company on Saturday announced that it will sell its tyre business at Haridwar to JK Tyre & Industries and JK Asia Pacific Singapore Pte Ltd. for Rs 2,195 crore.
With Reuters input
By 10:30, the Sensex was trading at 25,695 mark up 85 points and the Nifty gained 25 points at 7,814.
The broader markets are however outperforming the benchmark indices- BSE Midcap and Smallcap indices are up 0.4-1%.
More From This Section
Market breadth on the BSE remains positive with 665 shares advancing and 279 shares declining.
In the currency front, the rupee recovered 14 paise to 66.40 against the dollar in early trade today at the Interbank Foreign Exchange on fresh selling of the US currency by exporters and banks amid positive economic data.
KEY ANNOUNCEMENTS
The government is scheduled to unveil the consumer price index (CPI) data for the month of August 2015 after market hours today. The government will release the data on inflation based on the wholesale price index (WPI) for August 2015 at 12:00 IST today.
The Federal Open Market Committee (FOMC) meet, which will be held on September 16-17, will be closely followed by the investors as the Fed is expected to end the uncertainty around the interest rate situation by hiking the interest rates for the first time in eight years.
GLOBAL MARKETS
Asian shares rose on Monday in cautious trade, shrugging off soft economic data from China, as investors pondered whether the U.S. Federal Reserve will be confident enough to raise interest rates this week for the first time in a decade.
MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.3%.
US stock futures rose 0.2% from late U.S. levels in Asian trade, building on Friday's solid daily and weekly gains on Wall Street.
But Japan's Nikkei stock index erased an early rise and dipped 0.5%.
Ahead of the US Federal Reserve's policy meeting on Wednesday and Thursday, the Bank of Japan's own two-day meeting will wrap up on Tuesday. Policymakers are widely expected to hold steady, despite increasing evidence that Japan's inflation and growth remain in the doldrums.
SECTORS & STOCKS
BSE Power, Realty and Metal indices are up between 1-2% followed by counters like Healthcare, Banks, Capital Goods and Oil & Gas, all gaining nearly 1% each.
The top gainers from the Sensex pack are NTPC, Tata Steel, GAIL, Axis Bank and Vedanta.
Cairn India's $1.25 billion loan to its promoter group, which had spooked investors, was used by Vedanta Ltd to repay another inter-company loan taken for acquisition of the oil company.
On the losing side, Relinace Inds, Hero Moto, HUL, Bajaj Auto and HDFC have slipped marginally.
SMART MOVERS
Just Dial is trading higher by nearly 5% at Rs 855 on the BSE after the company announced that it has launched its latest Android App on the Google Play Store for users.
Venkys (India) has surged 15% to Rs 490 on the BSE after the board has recommended the issue of bonus shares in the ratio of 1:2 i.e. one bonus equity share for every two equity shares each held.
Kesoram Industries has rallied 15% to Rs 117 on the BSE in the early morning trades after the company on Saturday announced that it will sell its tyre business at Haridwar to JK Tyre & Industries and JK Asia Pacific Singapore Pte Ltd. for Rs 2,195 crore.
With Reuters input