Benchmark indices up 1% each in opening trades
Stock marketshad a gap up on Monday tracking gains in Asia on encouraging stance from the US Fed plans to continue its monetary stimulus measures coupled with bold economic reforms unveiled by China.
At 0915 hrs, the Sensex was at 20,663, up 264 points and the Nifty gained 78 points to open at 6,134.
Most Asian markets were trading higher led by Hong Kong's Hang Seng which was up nearly 2%. Shanghai Composite was up nearly 1% while Japan's Nikkei was up 0.4% and Straits Times was up 0.3%.
The Dow Jones and S&P 500 ended at new closing highs on Friday after Federal Reserve Chair nominee Janet Yellen commented that the US Fed will continue with its monetary stimulus measures to support the US economy.
The Dow Jones Industrial average ended up 0.5%, to end at 15,962 led by Exxon Mobil. The Standard & Poor's 500 Index gained nearly 0.4% at 1,798. The tech laden Nasdaq Composite Index ended up 0.3% at 3,986.
At 0915 hrs, the Sensex was at 20,663, up 264 points and the Nifty gained 78 points to open at 6,134.
Most Asian markets were trading higher led by Hong Kong's Hang Seng which was up nearly 2%. Shanghai Composite was up nearly 1% while Japan's Nikkei was up 0.4% and Straits Times was up 0.3%.
The Dow Jones and S&P 500 ended at new closing highs on Friday after Federal Reserve Chair nominee Janet Yellen commented that the US Fed will continue with its monetary stimulus measures to support the US economy.
The Dow Jones Industrial average ended up 0.5%, to end at 15,962 led by Exxon Mobil. The Standard & Poor's 500 Index gained nearly 0.4% at 1,798. The tech laden Nasdaq Composite Index ended up 0.3% at 3,986.
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