Sensex rallies over 300 points to reclaim its crucial psychological level of 27000: Key benchmark indices surged in early trade tracking firmness in world stocks. After deep cuts seen in last few days, the market has opened with a loud roar with support from global cues triggered by Fed meeting outcome. Banks are up including SBI and ICICI Bank (3 percent gains each). Other gainers in the Sensex are Tata Power, Sesa Sterlite and Tata Steel. Among the losers are ITC, HUL and Wipro.
At 9:45 AM, the S&P BSE Sensex is trading at 27000 up 290 points, while NSE Nifty is trading at 8120 down 90 points. The Mid-cap and Small-cap Index are also trading sharply higher up above 2.20% each. The market breadth indicating the overall health of the market is strong. The Indian rupee gained in the early trade. It has opened higher by 26 paise at 63.35 per dollar against 63.61 Wednesday. The dollar pared gains against major currencies after the Federal Open Market Committee released a statement saying there remains "considerable time" before an interest rate hike.
At 9:45 AM, the S&P BSE Sensex is trading at 27000 up 290 points, while NSE Nifty is trading at 8120 down 90 points. The Mid-cap and Small-cap Index are also trading sharply higher up above 2.20% each. The market breadth indicating the overall health of the market is strong. The Indian rupee gained in the early trade. It has opened higher by 26 paise at 63.35 per dollar against 63.61 Wednesday. The dollar pared gains against major currencies after the Federal Open Market Committee released a statement saying there remains "considerable time" before an interest rate hike.
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