At 11:35AM, the S&P BSE Sensex is trading at 26,942 up 231 points, while NSE Nifty is trading at 8,096 up 66 points.
The BSE Mid-cap Index and BSE Small-cap Index was trading up at 2%.
Auto, Consumer Durables, Power, banking, Capital goods, FMCG, Oil and gas Healthcare metal, realty indices are the gainers.
GAIL, BHEL, Hindalco, Tata Power, ICICI Bank are among the gainers, whereas HEROMOTOCO,HDFC, HUL, RIL, Wipro are losing sheen on BSE.
Asian markets are in the green with Japan's Nikkei 225 and Hong Kong's Hang Seng index gaining around half a percent. China's Shanghai index is marginally up. US consumer prices recorded their biggest drop in nearly six years in November.The Dow rose 1.69%, the S&P 500 jumped 2.04% and Nasdaq rose 2.12%.
Russia's surprise interestrate increase failed to stop the plummeting rouble. Another tool available to repair economic havoc caused by sanctions and falling oil prices: selling gold, says a report. Russia holds about 1,169.5 metric tonnes of the precious metal, the central bank said last month. That's about 10 per centof its foreign reserves, according to the London-based World Gold Council.
Former Tamil Nadu Chief Minister Jayalalithaa may convey to the Supreme Court that she would not delay her criminal appeal before the Karnataka High Court, challenging the four-year imprisonment in a disproportionate assets case, according to reports.
Securities and Exchange Board of India is probing several small companies listed on stock exchanges for their alleged role in enabling conversion of unaccounted cash into legitimate money, report says.
Mahindra Partners is in talks to acquire online portal BabyOye, according to reports.
"Due diligence is on. Mahindra Partners is looking to buy Babyoye through its retail business Mahindra Retail," said one person directly involved in the deal. "There are significant synergies between Mom & Me and Babyoye. It will prove to be the online platform that Mom & Me has been l ..
Autoline Industries Ltd has announced that a meeting of the Board of Directors of the Company will be held on December 22, 2014, inter alia, to consider and note status of transaction related to stake sale in the Autoline Industries Inc. USA, a wholly owned subsidiary of the Company.The stock surgeed 13% at Rs73.
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