At 9:20AM, the S&P BSE Sensex is trading at 28,728 up 285 points, while NSE Nifty is trading at 8,599 up 62 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.
Global cues are healthy for now but not good enough to turn sentiment around. The Dow rose 0.18% while S&P 500 added 0.38%. Nasdaq was up 0.39%. Asian indices are also higher. Japan's Nikkei and Hong Kong's Hang Seng are up over half a percent each. China's Shanghai index is also up around 0.6% now.
Stocks of insurance companies surged up to 8.4 per cent today on hopes of hike in foreign direct investment (FDI) limit in the sector, says a report. The gainers include Bajaj Finserv, Max India, Reliance Capital and Aditya Birla Nuvo.
The public issue of garment manufacturer Monte Carlo was subscribed by 61 per cent on the first day of the IPO. The issue will remain open till Friday. Ahead of the IPO on Tuesday, the company sold 16.3 lakh shares to anchor investors -- 60 per cent of the shares set aside for qualified institutional buyers, as required, says a report.
The Centre is set to kick off its disinvestment programme on Friday by selling 5% of its stake in Steel Authority of India Ltd (SAIL). Based on SAIL's closing price on Wednesday, the sale should fetch around Rs. 1,768 crore, says a report. After SAIL tests the market, other state-owned companies whose shares will be put on the block are ONGC, Coal India, and Hindustan Zinc (residual stake sale), the report added.
Sadbhav Infrastructure Projects has filed draft papers with the regulator Sebi for raising up to Rs 600 crore through an initial public offering.
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