Market edges higher in early trade: The market has started the week with a bang. Benchmark indices are trading higher, amid firm global cues, led primarily by the gains in information technology, financials and metal stocks.
At 9:45 AM, the S&P BSE Sensex was trading at 28275 up 153 points, while NSE Nifty was trading at 8554 up 40 points. The Mid-cap and Small-cap Index, both, is outperforming the broader indices. The market breadth indicating the overall health of the market is positive. The Indian rupee continued its upward momentum on Monday as it opened higher by 23 paise at 61.64 per dollar versus 61.87 Friday. Among global markets, Asian stocks were mostly higher. China's stock market, however, plummeted as brokerages' property shares tanked.