At 9:18AM, the S&P BSE Sensex is trading at 28,583 up 20 points, while NSE Nifty is trading at 8,579 up 15 points.
The BSE Mid-cap Index and BSE Small-cap Index was trading up at 1%.
Auto, Consumer Durables, Power, banking, capital goods, Metal, realty, FMCG, Oil and gas indices are the gainers, while healthcare indices is only the loser.
GAIL, BHEL, COALINDIA,SUNPHARMA,TATASTEEL, Reliance, Hindalco are among the gainers, whereas HDFC Bank, Infosys, Axis Bank, HUL are losing sheen on BSE.
US indices closed flat. ECB President Mario Draghi said the central bank was prepared to implement more easing next year if necessary. This did not go well with global markets. In US economic news, weekly jobless claims fell to 297,000 as expected. Monthly jobs report later in the day is awaited in US. Asian indices are mostly higher. Japan's Nikkei is up and so is Hong Kong's Hang Seng. China's Shanghai index has gained around 0.83%.
The SAIL offering is set to kick off the Modi-led government's ambitious disinvestment programme. The govt has fixed a floor price for SAIL stake sale at Rs 83 per share, through which it hopes to raise up to Rs.1,700 crore. A report stated that the government will give a discount of 5% to retail investors in the offering.
HDIL has said the allegation of irregularities in the Slum Rehabilitation Authority project in Bandra, Mumbai, is a "frivolous attempt to malign" the company. The company said that it was taking recourse to legal remedy, including quashing of the FIR registered against government and company officials, a report stated.
A High Level Committee to interact with trade and industry to ascertain where clarity on tax laws is required was constituted on Wednesday. Former Chief Economic Advisor Ashok Lahiri will serve as its Chairman while other members include retired Settlement Commission Member Sidhartha Pradhan and Gautam Ray, retired Director General (Audit) of Customs and Central Board of Excise and Customs (CBEC), an official statement said.
The Airports Authority of India is planning to withdraw credit facility relating to airport user fees to the low-cost carrier SpiceJet at all airports in the country from Thursday midnight, according to reports.
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