The S&P BSE Sensex is trading at 28,018 up 152 points, while NSE Nifty is trading at 8,666 up 55 points.
The rupee opened higher eight paise at 66.54/$ against US Dollar Monday as against the previous close of 66.62/$.
Asian markets opened mixed on Monday. Nikkei 225 and Hang Seng gained over 1% each, while Shanghai Composite is trading marginally higher.
Wall Street closed higher on Friday. The Dow Jones industrial average rose 0.91% to close at 18,308.15 points. The S&P 500 gained 0.80% and the Nasdaq advanced 0.81% to close at 5,312 points.
Combined market valuation of nine of the top 10 most valued Indian companies plummeted by Rs 57,065.11 crore during the week that ended on September 30. ITC's valuation plunged by Rs 14,883.32 crore to Rs 2,92,281.77 crore.
On the economy front, Fiscal deficit in the first five months of the current fiscal stood at Rs. 4.08trn, which was 76.4% of Budget estimates for 2016-17. India's eight core industries, which have a weight of 37.90 percent in the Index of Industrial Production (IIP), grew by 3.2 percent in August, 2016 as compared to the same monthof the previous year.
Nikkei Manufacturing PMI for Sept will be announced today. The monetary policy committee (MPC) meets today and tomorrow and the new RBI governor will announce the policy post lunch tomorrow. The dollar is firming up while the sterling hit over a month-low after Britain set a March deadline for Brexit.
Market participants are anxiously awaiting the Monetary Policy Review on October 4, the first to be held under the newly appointed RBI Governor Urjit Patel and the first to be decided by a six-member panel.
On the global front, the US non farm payrolls report for September would come on Friday.
India's foreign exchange reserves increased by $1.2 billion to $371 billion in the week ended September 23, the Reserve Bank of India said.
India’s largest-ever spectrum auction kicked off with major telecom operators placing bids worth Rs. 535.31 bn across bands, even as the premium 700Mhz and 900Mhz frequencies did not find any buyer.
The rupee opened higher eight paise at 66.54/$ against US Dollar Monday as against the previous close of 66.62/$.
Asian markets opened mixed on Monday. Nikkei 225 and Hang Seng gained over 1% each, while Shanghai Composite is trading marginally higher.
Wall Street closed higher on Friday. The Dow Jones industrial average rose 0.91% to close at 18,308.15 points. The S&P 500 gained 0.80% and the Nasdaq advanced 0.81% to close at 5,312 points.
Combined market valuation of nine of the top 10 most valued Indian companies plummeted by Rs 57,065.11 crore during the week that ended on September 30. ITC's valuation plunged by Rs 14,883.32 crore to Rs 2,92,281.77 crore.
On the economy front, Fiscal deficit in the first five months of the current fiscal stood at Rs. 4.08trn, which was 76.4% of Budget estimates for 2016-17. India's eight core industries, which have a weight of 37.90 percent in the Index of Industrial Production (IIP), grew by 3.2 percent in August, 2016 as compared to the same monthof the previous year.
Nikkei Manufacturing PMI for Sept will be announced today. The monetary policy committee (MPC) meets today and tomorrow and the new RBI governor will announce the policy post lunch tomorrow. The dollar is firming up while the sterling hit over a month-low after Britain set a March deadline for Brexit.
Market participants are anxiously awaiting the Monetary Policy Review on October 4, the first to be held under the newly appointed RBI Governor Urjit Patel and the first to be decided by a six-member panel.
On the global front, the US non farm payrolls report for September would come on Friday.
India's foreign exchange reserves increased by $1.2 billion to $371 billion in the week ended September 23, the Reserve Bank of India said.
India’s largest-ever spectrum auction kicked off with major telecom operators placing bids worth Rs. 535.31 bn across bands, even as the premium 700Mhz and 900Mhz frequencies did not find any buyer.
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