At 9:15 AM, the S&P BSE Sensex is trading at 28,012 up 110 points, while NSE Nifty is trading at 8,646 up 39 points.
The rupee opened marginally higher by 3 paise at 67.13/$ against US Dollar Tuesday as against the previous close of 67.16/$.
Asian markets are trading mixed. Nikkei 225 and Hang Seng are trading in green, while Shanghai Composite is in red.
The economy could well grow over 8pc this fiscal says Niti Aayog Vice-Chairman Arvind Panagariya. He attributes policy reforms, focus on implementation at the grassroots level and good monsoon for the same. The weather bureau is banking on one good spell before the southwest monsoon starts withdrawing from September 5; this could make good the deficit and perhaps record above-normal monsoon for the year.
The FIPB is expected to take up 12 foreign investment proposals today.
Wall Street closed higher on Monday. The Dow Jones industrial average rose 107.59 points to 18,502.99, the S&P 500 gained 11.34 points to 2,180.38 and the Nasdaq Composite added 13.41 points to 5,232.33.
Apple ended down 0.1 percent at USD 106.82. The company could face over 1 billion euros in back taxes as the European Commission was set to rule on Tuesday against Ireland's tax dealings with Apple.
On the economy front, investors are also cautious ahead of the GDP data for the June quarter and fiscal deficit data for July on 31 August.
The economy’s prospects for the current financial year are brighter than the previous fiscal, but growth is still below potential, wrote Reserve Bank of India governor Raghuram Rajan in his foreword to the central bank’s annual report for 2015-16.
The rupee opened marginally higher by 3 paise at 67.13/$ against US Dollar Tuesday as against the previous close of 67.16/$.
Asian markets are trading mixed. Nikkei 225 and Hang Seng are trading in green, while Shanghai Composite is in red.
The economy could well grow over 8pc this fiscal says Niti Aayog Vice-Chairman Arvind Panagariya. He attributes policy reforms, focus on implementation at the grassroots level and good monsoon for the same. The weather bureau is banking on one good spell before the southwest monsoon starts withdrawing from September 5; this could make good the deficit and perhaps record above-normal monsoon for the year.
The FIPB is expected to take up 12 foreign investment proposals today.
Wall Street closed higher on Monday. The Dow Jones industrial average rose 107.59 points to 18,502.99, the S&P 500 gained 11.34 points to 2,180.38 and the Nasdaq Composite added 13.41 points to 5,232.33.
Apple ended down 0.1 percent at USD 106.82. The company could face over 1 billion euros in back taxes as the European Commission was set to rule on Tuesday against Ireland's tax dealings with Apple.
On the economy front, investors are also cautious ahead of the GDP data for the June quarter and fiscal deficit data for July on 31 August.
The economy’s prospects for the current financial year are brighter than the previous fiscal, but growth is still below potential, wrote Reserve Bank of India governor Raghuram Rajan in his foreword to the central bank’s annual report for 2015-16.
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