Markets open higher amid firm global cues: Markets have opened higher tracking strength among the global peers amid easing of Greek debt crises. The narrowing of the government's current account deficit (CAD) along with MSCI’s decision of deferring inclusion of China A stocks to its benchmark indices which had triggered the continuous outflow of funds by the foreign investors has lifted the sentiments of the market participants. At 9.45 AM, S&P BSE Sensex was up 91 points at 26,931 levels and the CNX Nifty gained 22 points to trade at 8,146 mark.
On the macro-economic front, India’s current account deficit (CAD) declined sharply to $1.3 billion (0.2% of gross domestic product) in the quarter ended March from $8.3 billion (1.6% of GDP) in the quarter ended December.
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