The BSE Mid-cap Index is trading up 1.55% at 10,018, whereas BSE Small-cap Index is trading up 1.58% at 10,012.
At 9:21 AM, the S&P BSE Sensex is trading at 24,130 up 351 points, while NSE Nifty is trading at 7,328 up 106 points.
The BSE Mid-cap Index is trading up 1.55% at 10,018, whereas BSE Small-cap Index is trading up 1.58% at 10,012.
Most Asian markets are up with Japan's benchmark Nikkei gaining close to 4%. China's CIS300 is flat, Hong Kong's Hang Seng has gained over 2% and South Korea's Kospi is up 1.5%. A rally in oil prices lifted US shares on Tuesday, the first session of March, with Banking and Technology sectors in particular leading the advance. Strong auto sales numbers and a better-than-expected report on the manufacturing sector also helped support the sentiment for stocks on Wall Street.
The Dow jumped 2.1%. The S&P 500 index climbed 2.4%. The Nasdaq advanced by 2.9%.
It was the best one-day percentage gain for the S&P 500 and the Dow since Jan. 29.
Also, the S&P 500 saw its best March start since 2002. Crude oil futures for April delivery settled 1.9% higher at US$34.40 a barrel, recovering from an earlier weakness.
Auto makers on Tuesday announced a hike in car prices after the Government announced an infrastructure cess of up to 4% on cars of varying sizes in the Union Budget for FY17. Maruti Suzuki and Tata Motors were among the first to announce increase in the prices of its products on Tuesday while other manufacturers like M&M and Hyundai were expected to do the same soon.
Moody's Investors Service says that India's fiscal 2017 budget -- which was released on 29 February -- is moderately credit positive for most sectors, but efforts at deficit reduction will remain challenging, while the effects for public-sector banks are negative.
The BSE Mid-cap Index is trading up 1.55% at 10,018, whereas BSE Small-cap Index is trading up 1.58% at 10,012.
Most Asian markets are up with Japan's benchmark Nikkei gaining close to 4%. China's CIS300 is flat, Hong Kong's Hang Seng has gained over 2% and South Korea's Kospi is up 1.5%. A rally in oil prices lifted US shares on Tuesday, the first session of March, with Banking and Technology sectors in particular leading the advance. Strong auto sales numbers and a better-than-expected report on the manufacturing sector also helped support the sentiment for stocks on Wall Street.
The Dow jumped 2.1%. The S&P 500 index climbed 2.4%. The Nasdaq advanced by 2.9%.
It was the best one-day percentage gain for the S&P 500 and the Dow since Jan. 29.
Also, the S&P 500 saw its best March start since 2002. Crude oil futures for April delivery settled 1.9% higher at US$34.40 a barrel, recovering from an earlier weakness.
Auto makers on Tuesday announced a hike in car prices after the Government announced an infrastructure cess of up to 4% on cars of varying sizes in the Union Budget for FY17. Maruti Suzuki and Tata Motors were among the first to announce increase in the prices of its products on Tuesday while other manufacturers like M&M and Hyundai were expected to do the same soon.
Moody's Investors Service says that India's fiscal 2017 budget -- which was released on 29 February -- is moderately credit positive for most sectors, but efforts at deficit reduction will remain challenging, while the effects for public-sector banks are negative.
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