At 10:13AM, the S&P BSE Sensex is trading at 27,467 up 340 points, while NSE Nifty is trading at 8,245 up 86 points.
The BSE Mid-cap Index and BSE Small-cap Index was trading up at 1%.
Auto, Consumer Durables, Power, banking, capital goods, FMCG, Healthcare, Metal, Realty, Oil and gas indices are the gainers.
GAIL, BHEL, COALINDIA,SUNPHARMA,TATASTEEL, Reliance, Hindalco are among the gainers, whereas HDFC Bank, Infosys, Axis Bank, HUL are losing sheen on BSE.
IndiGo retained the top position among domestic airlines, increasing its market share to 33.5%, while SpiceJet’s share slipped to 14.9%, While Jet Airways’ share increases to 18.4% in November.
The US markets saw a terrific run with Dow and S&P 500 rising 2.43%. The Nasdaq Composite too gained over 2.24%. Asian indices are also up with Japan's Nikkei and Hong Kong's Hang Seng trading ~1.5% each. China's Shanghai index has gained around half a percent.
The Reserve Bank of India may go for rate cut early next year, former chairman of Prime Minister's Economic Advisory Council, C Rangarajan reportedly said. Report said that C Rangarajan cautioned that volatility in the currency markets should also be taken into consideration before going for any policy decision.
PM Narendra Modi is planning to speed up $300 bn stuck projects, according to a report. Modi has reportedly taken direct control of a project-monitoring body to fast-track investments.
Reserve Bank of India has advised that Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs) can now invest up to 100 per cent of the paid up capital of M/s Crompton Greaves Limited under the Portfolio Investment Scheme (PIS).Shares of Crompton Greaves was up 4% at Rs185.
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