At 9:15 AM, the S&P BSE Sensex is trading at 28,577 up 164 points, while NSE Nifty is trading at 8,790 up 48 points.
The rupee opened higher 16 paise at 66.86/$ against US Dollar Friday as against the previous close of 67.02/$. The rupee gained against the dollar at the Interbank Foreign Exchange today as exporters and banks stepped up dollar sale amid higher opening in the domestic equity market.
Asian markets are trading higher. Wall Street closed with gains on Thursday.
The Dow Jones industrial average jumped 0.99% to end the day at 18,212.48 points and the S&P 500 rallied 1.01% to 2,147.26. The Nasdaq Composite climbed 1.47% to 5,249.69. Apple surging 12% over the past four sessions, its suppliers also rallied. Chipmaker Skyworks Solutions jumped 6.4% and was the top percentage gainer on the benchmark S&P index. Oil prices retreated Friday morning Asia time, after seeing some rebound overnight.
Investors remained cautious ahead of the policy meetings of the Bank of Japan and US Federal Reserve. Bank of Japan and the Fed policy review will be held on 20-21 September.
The bank's Monetary Policy Committee (MPC) voted unanimously in September to hold the base rate at 0.25 percent, which was cut in August. It also voted unanimously to maintain the size of its corporate bonds purchases at up to £10 billion ($13.2 billion) and government bond purchases at £435 billion.
HPL Electric & Power has fixed the price band for its Rs 361 crore IPO at Rs 175-202 per share. The company's initial public offer will open from September 22-26.
On the economy front, the trade deficit in the month was $7.67 billion, against $12.39 billion in the year-ago period, as imports fell by a steeper 14.09 per cent to $29.19 billion, according to Commerce Ministry data released on Thursday.
Finance Minister Jaitley to review the quarterly performance of public sector banks and financial institution in New Delhi.
The rupee opened higher 16 paise at 66.86/$ against US Dollar Friday as against the previous close of 67.02/$. The rupee gained against the dollar at the Interbank Foreign Exchange today as exporters and banks stepped up dollar sale amid higher opening in the domestic equity market.
Asian markets are trading higher. Wall Street closed with gains on Thursday.
The Dow Jones industrial average jumped 0.99% to end the day at 18,212.48 points and the S&P 500 rallied 1.01% to 2,147.26. The Nasdaq Composite climbed 1.47% to 5,249.69. Apple surging 12% over the past four sessions, its suppliers also rallied. Chipmaker Skyworks Solutions jumped 6.4% and was the top percentage gainer on the benchmark S&P index. Oil prices retreated Friday morning Asia time, after seeing some rebound overnight.
Investors remained cautious ahead of the policy meetings of the Bank of Japan and US Federal Reserve. Bank of Japan and the Fed policy review will be held on 20-21 September.
The bank's Monetary Policy Committee (MPC) voted unanimously in September to hold the base rate at 0.25 percent, which was cut in August. It also voted unanimously to maintain the size of its corporate bonds purchases at up to £10 billion ($13.2 billion) and government bond purchases at £435 billion.
HPL Electric & Power has fixed the price band for its Rs 361 crore IPO at Rs 175-202 per share. The company's initial public offer will open from September 22-26.
On the economy front, the trade deficit in the month was $7.67 billion, against $12.39 billion in the year-ago period, as imports fell by a steeper 14.09 per cent to $29.19 billion, according to Commerce Ministry data released on Thursday.
Finance Minister Jaitley to review the quarterly performance of public sector banks and financial institution in New Delhi.
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