ICICI Bank, HDFC Bnak, HDFC and SBI have gained between 1-1.4%
Markets have started the trading session on a positive note tracking firm global cues. By 9:30, the Sensex was higher by 143 points at 20,558 mark and the Nifty gained by 41 points at 6,090 levels.
Asian shares rose to a five-month high on Friday as investors took heart from quickening growth in China a day after the United States sealed an 11th hour deal to break a confidence-sapping government shutdown.
The U.S. debt drama has also heightened speculation of the Federal Reserve delaying the start of its stimulus reduction plan, underpinning riskier assets but keeping the dollar pinned down to an eight-month low.
MSCI's broadest index of Asia-Pacific shares outside Japan advanced 0.5 percent to a five-month high, adding to a 0.6 percent rise in the previous session.
Back home, engineering and construction giant L&T will unveil its Q2 results today.
On the sectoral front, BSE Bankex has gained over 1% followed by counters like Realty, Consumer Durables, Healthcare, FMCG, PSU and Metal, all gaining by nearly 1% each. Apart from Capital Goods, all the major BSE sectoral indices are trading in green zone.
From the banking and financial space, ICICI Bank, HDFC Bnak, HDFC and SBI have gained between 1-1.4%.
Other notable gainers are Wipro, ONGC, Dr Reddy’s, Tata Power, Sesa Sterlite, Tata Steel and Wipro.
On the losing side, Bajaj Auto, TCS and Hero Moto have declined between 0.1-1%.
SpiceJet has surged over 5% to Rs 21.75 in early morning deals on back of heavy volumes on reports that Qatar Airways is in talks with the company to buy minority stake in Indian low cost airline.
The broader markets are performing positive in line with the benchmark- BSE Midcap and Smallcap indices have gained by nearly 1% each.
The market breadth in BSE remains positive with 620 shares advancing and 193 shares declining.
Markets have started the trading session on a positive note tracking firm global cues. By 9:30, the Sensex was higher by 143 points at 20,558 mark and the Nifty gained by 41 points at 6,090 levels.
Asian shares rose to a five-month high on Friday as investors took heart from quickening growth in China a day after the United States sealed an 11th hour deal to break a confidence-sapping government shutdown.
The U.S. debt drama has also heightened speculation of the Federal Reserve delaying the start of its stimulus reduction plan, underpinning riskier assets but keeping the dollar pinned down to an eight-month low.
MSCI's broadest index of Asia-Pacific shares outside Japan advanced 0.5 percent to a five-month high, adding to a 0.6 percent rise in the previous session.
Back home, engineering and construction giant L&T will unveil its Q2 results today.
On the sectoral front, BSE Bankex has gained over 1% followed by counters like Realty, Consumer Durables, Healthcare, FMCG, PSU and Metal, all gaining by nearly 1% each. Apart from Capital Goods, all the major BSE sectoral indices are trading in green zone.
From the banking and financial space, ICICI Bank, HDFC Bnak, HDFC and SBI have gained between 1-1.4%.
Other notable gainers are Wipro, ONGC, Dr Reddy’s, Tata Power, Sesa Sterlite, Tata Steel and Wipro.
On the losing side, Bajaj Auto, TCS and Hero Moto have declined between 0.1-1%.
SpiceJet has surged over 5% to Rs 21.75 in early morning deals on back of heavy volumes on reports that Qatar Airways is in talks with the company to buy minority stake in Indian low cost airline.
The broader markets are performing positive in line with the benchmark- BSE Midcap and Smallcap indices have gained by nearly 1% each.
The market breadth in BSE remains positive with 620 shares advancing and 193 shares declining.
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