Auto, Consumer Durables, Power, banking, capital goods, healthcare metal, realty, FMCG, Oil and gas indices are the gainers.
At 9:20AM, the S&P BSE Sensex is trading at 28,780 up 121 points, while NSE Nifty is trading at 8,747 up 47 points.
The BSE Mid-cap Index and BSE Small-cap Index was trading up at 1%.
Auto, Consumer Durables, Power, banking, capital goods, healthcare metal, realty, FMCG, Oil and gas indices are the gainers.
Focus later in the day will be on CPI and IIP numbers. Even as global markets are worried about a likely interest rate hike in the US, South Korea has chosen to unexpectedly lower its benchmark interest rate to a record low of 1.75 percent. US indices closed lower. Asian market is mixed with Nikkei in the green and Hang Seng flat. China’s Shanghai is managing to stay afloat.
Wipro held its ritual with analysts and maintained its sequential revenue growth outlook for the ongoing fourth quarter at 1-3%. The stock could see some positive action even though cross-currency and energy-related clients remain an issue for the industry.
Moody's has rated India as stable with a rating of Baa3, reflecting the balance.
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