Markets rebound on firm global cues; Nifty above 8,200: The markets have opened higher this morning on the back of stability across the global bourses. Broad based buying is evident in today led by banks. All banks are up with key gainers like SBI and ICICI Bank. Wipro, Coal India and Tata Motors are other gainers in the Sensex.
At 9:45 AM, the S&P BSE Sensex was trading at 27164 up 255 points, while NSE Nifty was trading at 8182 up 80 points. The Mid-cap and Small-cap Index, both, is outperforming the broader indices. The market breadth indicating the overall health of the market was quite strong with more than 10 gainers for every loser on BSE. However, the Indian rupee has opened at 63.20 a dollar, down 3 paise compared to previous day's closing value of Rs 63.17 a dollar. On the global front, the euro held near a nine-year low as investors fear the European Central Bank would have to take bolder stimulus steps to combat growing deflationary pressures in the zone.
At 9:45 AM, the S&P BSE Sensex was trading at 27164 up 255 points, while NSE Nifty was trading at 8182 up 80 points. The Mid-cap and Small-cap Index, both, is outperforming the broader indices. The market breadth indicating the overall health of the market was quite strong with more than 10 gainers for every loser on BSE. However, the Indian rupee has opened at 63.20 a dollar, down 3 paise compared to previous day's closing value of Rs 63.17 a dollar. On the global front, the euro held near a nine-year low as investors fear the European Central Bank would have to take bolder stimulus steps to combat growing deflationary pressures in the zone.
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