Auto, Consumer Durables, Power, banking, capital goods, FMCG, healthcare metal, realty, Oil and gas indices are the gainers.
At 9:17AM, the S&P BSE Sensex is trading at 28,846 up 61 points, while NSE Nifty is trading at 8,440 up 10 points.
The BSE Mid-cap Index and BSE Small-cap Index was trading flat.
Auto, Consumer Durables, Power, banking, capital goods, FMCG, healthcare metal, realty, Oil and gas indices are the gainers.
US President Barack Obama is delivering his State of Union Address. He says the shadow Of crisis Has passed and that the state of the Union is strong. US now has a growing economy, shrinking deficits and booming energy production he said adding that nation is ready to turn the page from years of hardship.
The outlook is a positive start. The indices will look at hitting record highs before deciding the future course. Some calmness may set in ahead of the European Central Bank meeting which is expected to announce a bond buying program on Thursday. ITC, ING Vysya Bank and L&T Finance Holdings will be in limelight today on account of their results. In fact ITC and HDFC managed led the gains in the indices on Tuesday.
Asian markets are mixed with Japan's Nikkei down while Hong Kong's Hang Seng is high. China's Shanghai index is also trading over a percent higher. US indices were marginally up. The Dow and S&P 500 were flat while Nasdaq gained close to half a percent.
Meanwhile, Obama spoke of job growth and other signs of recovery from the ashes of the 2008 economic crisis and mentioned a tax hike on the wealthy, new tax breaks for child care, and programs that include two free years of community college, lower interest rates on mortgage insurance and new requirements for paid sick leave. While outlining new ways to counter terrorist threats, Obama asked Congress to formally approve new authorization for the ongoing battle against the Islamic State in Iraq and Syria.
The industrial output growth in China in December 2014, which came in at 7.9% against expectations of 7.2%, boosted metal stocks as China is the biggest consumer of metals.
According to reports, Reliance Communications share purchase by institutional players was closed after the promoter group subscribed to warrants amounting Rs 650 crore. Shares of the company were trading at Rs 80.55.
The BSE Mid-cap Index and BSE Small-cap Index was trading flat.
Auto, Consumer Durables, Power, banking, capital goods, FMCG, healthcare metal, realty, Oil and gas indices are the gainers.
US President Barack Obama is delivering his State of Union Address. He says the shadow Of crisis Has passed and that the state of the Union is strong. US now has a growing economy, shrinking deficits and booming energy production he said adding that nation is ready to turn the page from years of hardship.
The outlook is a positive start. The indices will look at hitting record highs before deciding the future course. Some calmness may set in ahead of the European Central Bank meeting which is expected to announce a bond buying program on Thursday. ITC, ING Vysya Bank and L&T Finance Holdings will be in limelight today on account of their results. In fact ITC and HDFC managed led the gains in the indices on Tuesday.
Asian markets are mixed with Japan's Nikkei down while Hong Kong's Hang Seng is high. China's Shanghai index is also trading over a percent higher. US indices were marginally up. The Dow and S&P 500 were flat while Nasdaq gained close to half a percent.
Meanwhile, Obama spoke of job growth and other signs of recovery from the ashes of the 2008 economic crisis and mentioned a tax hike on the wealthy, new tax breaks for child care, and programs that include two free years of community college, lower interest rates on mortgage insurance and new requirements for paid sick leave. While outlining new ways to counter terrorist threats, Obama asked Congress to formally approve new authorization for the ongoing battle against the Islamic State in Iraq and Syria.
The industrial output growth in China in December 2014, which came in at 7.9% against expectations of 7.2%, boosted metal stocks as China is the biggest consumer of metals.
According to reports, Reliance Communications share purchase by institutional players was closed after the promoter group subscribed to warrants amounting Rs 650 crore. Shares of the company were trading at Rs 80.55.
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