 "Sensex gains over 100 points; Wipro surges nearly 6%")
Benchmark indices are trading higher, amid firm global cues, led primarily by the gains in information technology, financials and metal stocks.
At 9:32AM, the 30-share Sensex was up 144 points at 28,269 and the 50-share Nifty was up 40 points at 8,554.
In the broader market, both the BSE Mid-cap and Small-cap indices have performed better than the benchmarks with gains of 0.8% each. Market breadth in BSE is positive with 1,183 advances against 368 declines.
Buzzing Stocks
10 out of the 12 sectoral indices of BSE are in green. BSE Consumer Durables index has surged over 1% and is the top gainer followed by BSE IT index, up 1%, BSE Metal and BSE Realty indices, up 0.8% each. BSE Oil & Gas and FMCG indices have declined around 0.3% each.
IT stocks have gained in opening deals led by the strong gains in Wipro which has surged around 6% post its better-than-expected third quarter earnings on the back of dollar revenue growth. TCS has gained around 0.6% and Infosys is marginally up by 0.1%.
Banking stocks are trading higher. HDFC Bank has gained around 1.5%. The private sector bank now figures in a list of the top 50 global banks in terms of market capitalisation along with SBI. Mortgage lender HDFC has gained around 0.7%. ICICI Bank is up 0.6%, SBI is up 0.3% and Axis Bank has gained around 0.7%.
Metal stocks are trading firm. Tata Steel and Sesa Sterlite have gained around 0.8% and 1.2% each while Hindalco has gained over 2%.
Among prominent losers, ITC has shed around 0.6% and RIL is down around 1% post its Q3 results which came below market expectations. FMCG major HUL has declined over 1%.
Global Markets
On the global front, the outcome of the European Central Bank's meeting this week will be in focus especially in the backdrop of the shocking announcement by the Swiss National Bank to lift the cap on its currency.
Further, the International Monetary Fund is scheduled to release its latest economic forecasts on Tuesday.
The Bank of Japan's outlook on the economy at its meeting on Wednesday will also be keenly watched.
Asian markets were trading mixed with the Nikkei up 0.6% and Straits Times gaining 0.3%. However, Hang Seng was down 0.5% and Shanghai Composite was down nearly 5%.
US stocks surged over 1% on Friday, snapping a five-day losing streak, following a recovery in energy stocks. Energy shares recovered from their recent lows after the International Energy Agency forecast that the downtrend in US crude oil prices would end soon.
The Dow Jones jumped 191 points or 1.1% to end at 17,512, S&P 500 rose 27 points at 1.3% at 2,019 while the tech laden Nasdaq closed 64 points or 1.4% at 4,634.
At 9:32AM, the 30-share Sensex was up 144 points at 28,269 and the 50-share Nifty was up 40 points at 8,554.
In the broader market, both the BSE Mid-cap and Small-cap indices have performed better than the benchmarks with gains of 0.8% each. Market breadth in BSE is positive with 1,183 advances against 368 declines.
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Meanwhile, foreign institutional investors were net buyers in Indian equities worth Rs 1,100 crore on Friday, as per provisional stock exchange data.
Buzzing Stocks
10 out of the 12 sectoral indices of BSE are in green. BSE Consumer Durables index has surged over 1% and is the top gainer followed by BSE IT index, up 1%, BSE Metal and BSE Realty indices, up 0.8% each. BSE Oil & Gas and FMCG indices have declined around 0.3% each.
IT stocks have gained in opening deals led by the strong gains in Wipro which has surged around 6% post its better-than-expected third quarter earnings on the back of dollar revenue growth. TCS has gained around 0.6% and Infosys is marginally up by 0.1%.
Banking stocks are trading higher. HDFC Bank has gained around 1.5%. The private sector bank now figures in a list of the top 50 global banks in terms of market capitalisation along with SBI. Mortgage lender HDFC has gained around 0.7%. ICICI Bank is up 0.6%, SBI is up 0.3% and Axis Bank has gained around 0.7%.
Metal stocks are trading firm. Tata Steel and Sesa Sterlite have gained around 0.8% and 1.2% each while Hindalco has gained over 2%.
Among prominent losers, ITC has shed around 0.6% and RIL is down around 1% post its Q3 results which came below market expectations. FMCG major HUL has declined over 1%.
Global Markets
On the global front, the outcome of the European Central Bank's meeting this week will be in focus especially in the backdrop of the shocking announcement by the Swiss National Bank to lift the cap on its currency.
Further, the International Monetary Fund is scheduled to release its latest economic forecasts on Tuesday.
The Bank of Japan's outlook on the economy at its meeting on Wednesday will also be keenly watched.
Asian markets were trading mixed with the Nikkei up 0.6% and Straits Times gaining 0.3%. However, Hang Seng was down 0.5% and Shanghai Composite was down nearly 5%.
US stocks surged over 1% on Friday, snapping a five-day losing streak, following a recovery in energy stocks. Energy shares recovered from their recent lows after the International Energy Agency forecast that the downtrend in US crude oil prices would end soon.
The Dow Jones jumped 191 points or 1.1% to end at 17,512, S&P 500 rose 27 points at 1.3% at 2,019 while the tech laden Nasdaq closed 64 points or 1.4% at 4,634.