Broader markets outrun bechmarks at this hour with both BSE small-cap and mid-cap indices trading 0.8% higher.
After opening higher,key indices maintained early gains led by buying in heavyweight stocks. The upmove came as market participants confirm their view that India is way better prepared to tackle the tapering of US Federal Reserve's easy money policy also known as Quantitative easing-3 (QE-3).
US Fed announced that it will taper its 85-billion-a-month bond buying program by by $10-billion-a-month starting January and vowed to keep interest rates at historic lows for a even longer duration as anticipated earlier.
The rupee fell for a fourth session, driven by weak Asian FX a day after US announced tapering of its stimulus. The unit is trading at 62.28 versus Thursday's close of 62.14/15.
Despite today's upmove marketmen however expect trades to be directionless in the short-term in lack of any clear trend on technical parameters.
At 1030hrs, the 30-share Bombay Stock Exchange (BSE) Sensex was 87.50 points higher at 20796.12 and the 50-share Nifty index of the National Stock Exchange (NSE) was at 6,186 levels, up 22.30 points.
Broader markets outrun bechmarks at this hour with both BSE small-cap and mid-cap indices trading 0.8% higher.
Key indices are trading higher led by buying in heavyweights; RIL gained 1.6% on CCEA decision to double the price of gas produced from its KG-D6 block to $8.4 a million British thermal unit (mBtu) from April 1, 2014.
Other heavyweights that are pulling key indices higher at this hour include TCS, ICICI Bank and ONGC which are 0.8-2.2% up, Infosys and Tata Motors are other top gainers.
Welspun Corp has rallied 12% to Rs 49.40 on back of heavy volumes on the BSE after promoter bought more than 50,000 shares through open market.
Shares in Multi Commodity Exchange of India (MCX) has surged over 7% to Rs 445 on back of heavy volumes on the bourses.
US Fed announced that it will taper its 85-billion-a-month bond buying program by by $10-billion-a-month starting January and vowed to keep interest rates at historic lows for a even longer duration as anticipated earlier.
The rupee fell for a fourth session, driven by weak Asian FX a day after US announced tapering of its stimulus. The unit is trading at 62.28 versus Thursday's close of 62.14/15.
Despite today's upmove marketmen however expect trades to be directionless in the short-term in lack of any clear trend on technical parameters.
At 1030hrs, the 30-share Bombay Stock Exchange (BSE) Sensex was 87.50 points higher at 20796.12 and the 50-share Nifty index of the National Stock Exchange (NSE) was at 6,186 levels, up 22.30 points.
Broader markets outrun bechmarks at this hour with both BSE small-cap and mid-cap indices trading 0.8% higher.
Key indices are trading higher led by buying in heavyweights; RIL gained 1.6% on CCEA decision to double the price of gas produced from its KG-D6 block to $8.4 a million British thermal unit (mBtu) from April 1, 2014.
Other heavyweights that are pulling key indices higher at this hour include TCS, ICICI Bank and ONGC which are 0.8-2.2% up, Infosys and Tata Motors are other top gainers.
Welspun Corp has rallied 12% to Rs 49.40 on back of heavy volumes on the BSE after promoter bought more than 50,000 shares through open market.
Shares in Multi Commodity Exchange of India (MCX) has surged over 7% to Rs 445 on back of heavy volumes on the bourses.
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