Building on yesterday's record high, the Sensex opened up 97 points higher at 20,099 while the Nifty added 20 points to open at 6,029. In the broader markets, the smallcap index stated at 10,196, up 0.4% in sync with the broader markets. The midcap index moved up 0.3% to start the day at 8,092.
On the global front, the world stocks fell as investors awaited a Federal Reserve statement that was expected to give some hint at whether the central bank thinks the fragile U.S. economy needs a fresh infusion of cash.The Fed meeting managed to overshadow upbeat housing data too.However, the U.S. government bond prices rose. The Dow Jones average was down 7 points, or 0.06% at 10,747. The Nasdaq Composite Index was down 6 points, or 0.24% at 2,350.
The Asian markets opened marginally in the green this morning. The Hang Seng has gained 0.5% to 22,118 while Nikkei is trading flat at 9,605.
On the BSE sectoral indices,Consumer Durables up 0.9% leads the pack followed by Metal, Oil & Gas, Auto and FMCG. However, yesterday's market movers IT and Teck opened in the red, down 0.6% and 0.2% respectively.
The gainers in the opening trades are Maruti Suzuki up 2.5%, Mahindra & Mahindra, Wipro gaining nearly 2%,HDFC, Tata Power, Bharti Airtel and Sterlite adding nearly 2% each.
The losers on the Sensex are Hero Honda,Infosys down 1% followed by TCS losing 0.5% and DLF shedding 0.1% round off the list.
The market breadth is extremely positive with 1144 stock advances and 648 declines.
