At 9:15 AM, the S&P BSE Sensex is trading at 26,861 up 84 points, while NSE Nifty is trading at 8,236 up 34 points.
At 9:15 AM, the S&P BSE Sensex is trading at 26,861 up 84 points, while NSE Nifty is trading at 8,236 up 34 points.
The Indian rupee opened higher by 7 paise at 66.90/$ against US Dollar on Tuesday as against the previous close of 66.97/$. Today, markets will look forward to RBI monetary policy meeting, where the central bank is expected to maintain status quo on the rates, however will persist with its accommodative stance. Meanwhile, British Pound has not been able to participate in the recent weakness of the greenback, as recent surveys suggest a close battle between the ‘stay’ and ‘leave’ vote for the Brexit Referendum on June 23rd.
Asian markets are trading higher after Chair Janet Yellen said US interest rate hikes are likely on the way, held back any reference to the timing.
Japan's Nikkei 225 was up 0.36%, while China's Shanghai Composite is in the red. South Korea’s Kospi index is at 2,004.14 points (up 0.91%) and Indonesia’s Jakarta Composite is at 4,927.82 points (up 0.65%).
Taiwan’s Taiex at 8,657.43 points (up 0.0.70%), Singapore’s Straits Times at 2,841.15 points (up 0.35%), Hong Kong’s Hang Seng at 21,183.82 points (up 0.73%), Thailand’s SET Composite at 1,449.17 points (up 0.40%) and Singapore Nifty at 8,271 points (up 0.44%).
The S&P 500 closed at a 7-month high as Federal Reserve Chair Janet Yellen gave upbeat picture of the economy.
The Fed chief said last month's jobs report was "disappointing" and bears watching, though she gave a largely upbeat assessment of the US economic outlook, warning against attaching too much significance to the payrolls data in isolation. The Dow Jones closed up 113.27 points, or 0.64 per cent, to 17,920.33, while the S&P 500 gained 10.28 points, or 0.49 per cent, to 2,109.41, its highest close in seven months.The Nasdaq Composite added 26.20 points, or 0.53 per cent, to 4,968.71.
Brent futures hit a seven-month high of $50.83 per barrel on Monday before easing a tad to $50.44 in early Tuesday. US West Texas Intermediate (WTI) crude stood little changed in early Asia at $49.63 per barrel, after having gained 2.2 per cent on Monday, its largest gain in three weeks.
The Australian market is extending gains from the previous session, buoyed by the positive cues overnight from Wall Street and higher commodity prices.
The Indian rupee opened higher by 7 paise at 66.90/$ against US Dollar on Tuesday as against the previous close of 66.97/$. Today, markets will look forward to RBI monetary policy meeting, where the central bank is expected to maintain status quo on the rates, however will persist with its accommodative stance. Meanwhile, British Pound has not been able to participate in the recent weakness of the greenback, as recent surveys suggest a close battle between the ‘stay’ and ‘leave’ vote for the Brexit Referendum on June 23rd.
Asian markets are trading higher after Chair Janet Yellen said US interest rate hikes are likely on the way, held back any reference to the timing.
Japan's Nikkei 225 was up 0.36%, while China's Shanghai Composite is in the red. South Korea’s Kospi index is at 2,004.14 points (up 0.91%) and Indonesia’s Jakarta Composite is at 4,927.82 points (up 0.65%).
Taiwan’s Taiex at 8,657.43 points (up 0.0.70%), Singapore’s Straits Times at 2,841.15 points (up 0.35%), Hong Kong’s Hang Seng at 21,183.82 points (up 0.73%), Thailand’s SET Composite at 1,449.17 points (up 0.40%) and Singapore Nifty at 8,271 points (up 0.44%).
The S&P 500 closed at a 7-month high as Federal Reserve Chair Janet Yellen gave upbeat picture of the economy.
The Fed chief said last month's jobs report was "disappointing" and bears watching, though she gave a largely upbeat assessment of the US economic outlook, warning against attaching too much significance to the payrolls data in isolation. The Dow Jones closed up 113.27 points, or 0.64 per cent, to 17,920.33, while the S&P 500 gained 10.28 points, or 0.49 per cent, to 2,109.41, its highest close in seven months.The Nasdaq Composite added 26.20 points, or 0.53 per cent, to 4,968.71.
Brent futures hit a seven-month high of $50.83 per barrel on Monday before easing a tad to $50.44 in early Tuesday. US West Texas Intermediate (WTI) crude stood little changed in early Asia at $49.63 per barrel, after having gained 2.2 per cent on Monday, its largest gain in three weeks.
The Australian market is extending gains from the previous session, buoyed by the positive cues overnight from Wall Street and higher commodity prices.
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