Market edges higher in early trade on firm global cues: Key benchmark indices surged in early trade tracking firmness in Asian indices. The sentiment has suddenly turned positive after a Fed meet and the world and all its market seem to be headed for better days in the near future. Asian stocks are in the green over a bounce in oil markets and over gains seen on the Wall Street. Global cues, meanwhile, are positive with the US market ending higher with the S&P 500 rallying its second best week in nearly two years. European shares closed mixed on Friday, with Italian banking stocks and the healthcare sector weighing on wider benchmarks.
At 9:45 AM, the S&P BSE Sensex was trading at 27427 up 55 points, while NSE Nifty was trading at 8240 up 15 points. The Mid-cap and Small-cap Index, both, outperformed the broader indices. The market breadth indicating the overall health of the market is strong. The Indian rupee opened flat at 63.30 per dollar against 63.29 Friday. The euro is at fresh two-year lows in a subdued start to a holiday-shortened week, extending a multi-month trend of weakness against the dollar.
At 9:45 AM, the S&P BSE Sensex was trading at 27427 up 55 points, while NSE Nifty was trading at 8240 up 15 points. The Mid-cap and Small-cap Index, both, outperformed the broader indices. The market breadth indicating the overall health of the market is strong. The Indian rupee opened flat at 63.30 per dollar against 63.29 Friday. The euro is at fresh two-year lows in a subdued start to a holiday-shortened week, extending a multi-month trend of weakness against the dollar.
No comments:
Post a Comment