The BSE Mid-cap Index is trading up 0.76% at 10,932, whereas BSE Small-cap Index is trading up 0.68% at 11,238.
The market’s happy expectations, even if temporary have come like a dove from the Fed. The word patience is dropped from commentary even as Fed Chair Janet Yellen says, the modification of the forward guidance should not be read as indicating that the committee has decided on the timing of the initial increase in the target range for the federal funds rate. So the room is now wide open for a hike in rates in the next couple of months and there is no surprise here. The Fed has cut its inflation outlook for 2015 and reduced expected US economic growth.
At 9:27 AM, the S&P BSE Sensex is trading at 28,831 up 209 points, while NSE Nifty is trading at 8,733 up 47 points.
The BSE Mid-cap Index is trading up 0.76% at 10,932, whereas BSE Small-cap Index is trading up 0.68% at 11,238.
Axis Bank, Wipro, L&T, TCS, Tata steel and Sesa Sterlite are among the gainers, whereas NTPC and Infosys are losing sheen on BSE.
Global cues are mixed for now. The Dow gained 1.27% and S&P 500 was up 1.21%. Nasdaq closed with gains close to a percent. Asian markets are mostly lower.
The government has firmed up a list of PSUs for divestment of minority stakes in the fiscal beginning next month. Topping the charts is BHEL. TPG Capital has reportedly put its 20% stake in Shriram City Union on the block, says a reports. GTL Infrastructure could be in action again on reports that the promoter is looking at exiting the business.
Tata Sons Chairman Ratan Tata, bullish on Jaguar Land Rover, hinted at Tatas manufacturing these marquee brands in the country, in Eastern Europe and in the US, according to reports. Tata reported that the group would do more than just assembling these marquee car brands in India.
The delay in implementation of 224 central sector infrastructure projects resulted in cost overruns to the tune of Rs 2.11 lakh crore, government reportedly said.
Domestic natural gas prices are likely to be reduced by over 10% to $5.02 per unit from April 1, according to reports.Report said that the new rate will be around $5.02 per million British thermal unit (mmBtu) as compared to the current price of $5.61.
At 9:27 AM, the S&P BSE Sensex is trading at 28,831 up 209 points, while NSE Nifty is trading at 8,733 up 47 points.
The BSE Mid-cap Index is trading up 0.76% at 10,932, whereas BSE Small-cap Index is trading up 0.68% at 11,238.
Axis Bank, Wipro, L&T, TCS, Tata steel and Sesa Sterlite are among the gainers, whereas NTPC and Infosys are losing sheen on BSE.
Global cues are mixed for now. The Dow gained 1.27% and S&P 500 was up 1.21%. Nasdaq closed with gains close to a percent. Asian markets are mostly lower.
The government has firmed up a list of PSUs for divestment of minority stakes in the fiscal beginning next month. Topping the charts is BHEL. TPG Capital has reportedly put its 20% stake in Shriram City Union on the block, says a reports. GTL Infrastructure could be in action again on reports that the promoter is looking at exiting the business.
Tata Sons Chairman Ratan Tata, bullish on Jaguar Land Rover, hinted at Tatas manufacturing these marquee brands in the country, in Eastern Europe and in the US, according to reports. Tata reported that the group would do more than just assembling these marquee car brands in India.
The delay in implementation of 224 central sector infrastructure projects resulted in cost overruns to the tune of Rs 2.11 lakh crore, government reportedly said.
Domestic natural gas prices are likely to be reduced by over 10% to $5.02 per unit from April 1, according to reports.Report said that the new rate will be around $5.02 per million British thermal unit (mmBtu) as compared to the current price of $5.61.
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