Auto, Consumer Durables, Power, banking, healthcare, metal, realty, capital goods, FMCG, Oil and gas indices are the gainers.
At 9:17AM, the S&P BSE Sensex is trading at 29,174 up 170 points, while NSE Nifty is trading at 8,801 up 39 points.
The BSE Mid-cap Index and BSE Small-cap Index was trading up at 1%.
Auto, Consumer Durables, Power, banking, healthcare, metal, realty, capital goods, FMCG, Oil and gas indices are the gainers.
A lot is happening back home in India too even as the Budget session of Parliament is underway.
The outlook is a start in the green. Global cues are mostly positive but given the eve of F&O expiry and upcoming budget, choppiness could set in.
The Dow rose half a percent while S&P 500 gained 0.3%. Nasdaq gained 0.14%. Asian markets are seeing a mixed trend with Japan's Nikkei higher and Hong Kong's Hang Seng index trading lower. China's Shanghai index is also in the red.
The Modi government introduced the 14th Finance Commission's report in the Parliament. Finance Minister Arun Jaitley moved the MoA (memorandum of association) on Finance Commission report in the Lok Sabha. The government said that devolution to states will be at Rs. 3.48 trillion in FY15, while it would be around Rs. 5.6 trillion in FY16.
Jaitley said that the every spending within the territory of India is going to add to the growth process. The Central Government is happy that the allocation of financial resources to the states have been augmented, Jaitley added.
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