The BSE Mid-cap Index is trading up 0.13% at 11,065, whereas BSE Small-cap Index is trading up 0.04% at 11,722.
At 9:27 AM, the S&P BSE Sensex is trading at 28,885 down 50 points, while NSE Nifty is trading at 8,765 down 14 points.
The BSE Mid-cap Index is trading up 0.13% at 11,065, whereas BSE Small-cap Index is trading up 0.04% at 11,722.
Some buying activity is seen in IT, consumer durable goods, oil and gas, power and realty sectors, while banking, healthcare, metals and fmcg sectors are showing weakness on BSE.
IDFC Ltd, Godrej Consumer products, Exide Industries and Hidustan Zinc are among the gainers, whereas Cipla, Adani Enterprises, Hindalco, Industries and Punjab National Bank are losing sheen on BSE.
The rating agencies have indeed improved the mood and following Moody’s upgrade of the outlook. Both Moody’s and Fitch kept the sovereign rating unchanged at ‘Baa3’ and ‘BBB-’, respectively. Moody’s in fact could issue a rating upgrade in the next 12-18 months. Fitch’s unchanged outlook reflects a view that upside and downside risks to the ratings are balanced, says a report. Finance Minister Arun Jaitley termed the revision by Moody’s as a significant development, but said: “We have to do more.” Chief Economic Advisor Arvind Subramanian felt the revision validates the government’s reform programme.
Meanwhile, Greece is back in the news and for the right reason perhaps. It has made a crucial payment to the International Monetary Fund. Athens said the 460 million euros ($497 million) payment has been scheduled.
The Dow added 0.31%, S&P 500 rose 0.45% while Nasdaq ended half a percent higher. Asian markets are mixed. Japan's Nikkei 225 is in the red while Hong Kong's Hang Seng index and China's Shanghai index are trading marginally higher.
The BSE Mid-cap Index is trading up 0.13% at 11,065, whereas BSE Small-cap Index is trading up 0.04% at 11,722.
Some buying activity is seen in IT, consumer durable goods, oil and gas, power and realty sectors, while banking, healthcare, metals and fmcg sectors are showing weakness on BSE.
IDFC Ltd, Godrej Consumer products, Exide Industries and Hidustan Zinc are among the gainers, whereas Cipla, Adani Enterprises, Hindalco, Industries and Punjab National Bank are losing sheen on BSE.
The rating agencies have indeed improved the mood and following Moody’s upgrade of the outlook. Both Moody’s and Fitch kept the sovereign rating unchanged at ‘Baa3’ and ‘BBB-’, respectively. Moody’s in fact could issue a rating upgrade in the next 12-18 months. Fitch’s unchanged outlook reflects a view that upside and downside risks to the ratings are balanced, says a report. Finance Minister Arun Jaitley termed the revision by Moody’s as a significant development, but said: “We have to do more.” Chief Economic Advisor Arvind Subramanian felt the revision validates the government’s reform programme.
Meanwhile, Greece is back in the news and for the right reason perhaps. It has made a crucial payment to the International Monetary Fund. Athens said the 460 million euros ($497 million) payment has been scheduled.
The Dow added 0.31%, S&P 500 rose 0.45% while Nasdaq ended half a percent higher. Asian markets are mixed. Japan's Nikkei 225 is in the red while Hong Kong's Hang Seng index and China's Shanghai index are trading marginally higher.
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