At 9:17AM, the S&P BSE Sensex is trading at 27,218 up 309 points, while NSE Nifty is trading at 8,197 up 95 points.
The BSE Mid-cap Index and BSE Small-cap Index was trading up at 1%.
Auto, Consumer Durables, Power, banking, capital goods, FMCG, Oil and gas, healthcare metal, realty indices are gainers.
In the eurozone, inflation data for December showed consumer prices fell 0.2%, marking the first negative reading since late 2009, says a report. This led to a recovery in the European stock markets as investors expect European Central Bank will launch quantitative easing at its Jan. 22 meeting. US crude oil finally saw a rebound after falling below the $47 a barrel.
Infosys will be on the watchlist ahead of its results tomorrow.
US markets staged a comeback. The Dow Jones rose 212.88 points, or 1.23 percent, to 17,584.52, while the S&P 500 gained 23.29 points, or 1.16 percent, to 2,025.9 and the Nasdaq Composite added 57.73 points, or 1.26 percent, to 4,650.47.
Asian markets are firm with the Nikkei 225 up over 1.5% while Hong Kong's Hang Seng index has gained around half a percent. China's Shanghai index, which is however in the red.
HDFC Bank could see action on reports that it has appointed Bank of America-Merrill Lynch as the lead banker for its sale of shares. HDFC Bank is expected to raise ~Rs 10,000 crore from domestic and foreign investors, the report added.
Promoters of CDSL and top officials of the depository had met some time ago to discuss the valuations and other details, the sources said. In addition to BSE, other large shareholders of CDSL include Standard Chartered Bank, HDFC Bank, State Bank of India and Canara Bank, among others.
The stakeholders are seeking premium valuations due to regulatory restrictions in setting up such a new venture and the oligopolistic nature of depository operations in India.
The BSE Mid-cap Index and BSE Small-cap Index was trading up at 1%.
Auto, Consumer Durables, Power, banking, capital goods, FMCG, Oil and gas, healthcare metal, realty indices are gainers.
In the eurozone, inflation data for December showed consumer prices fell 0.2%, marking the first negative reading since late 2009, says a report. This led to a recovery in the European stock markets as investors expect European Central Bank will launch quantitative easing at its Jan. 22 meeting. US crude oil finally saw a rebound after falling below the $47 a barrel.
Infosys will be on the watchlist ahead of its results tomorrow.
US markets staged a comeback. The Dow Jones rose 212.88 points, or 1.23 percent, to 17,584.52, while the S&P 500 gained 23.29 points, or 1.16 percent, to 2,025.9 and the Nasdaq Composite added 57.73 points, or 1.26 percent, to 4,650.47.
Asian markets are firm with the Nikkei 225 up over 1.5% while Hong Kong's Hang Seng index has gained around half a percent. China's Shanghai index, which is however in the red.
HDFC Bank could see action on reports that it has appointed Bank of America-Merrill Lynch as the lead banker for its sale of shares. HDFC Bank is expected to raise ~Rs 10,000 crore from domestic and foreign investors, the report added.
Promoters of CDSL and top officials of the depository had met some time ago to discuss the valuations and other details, the sources said. In addition to BSE, other large shareholders of CDSL include Standard Chartered Bank, HDFC Bank, State Bank of India and Canara Bank, among others.
The stakeholders are seeking premium valuations due to regulatory restrictions in setting up such a new venture and the oligopolistic nature of depository operations in India.
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