At 9:15 AM, the BSE Sensex opened higher by 85.43 points at 27461.01, while the Nifty50 opened higher by 23.65 points at 8499.45 mark.
Rupee opens lower at Rs 68.17 per dollar as compared to previous close at Rs 68.15 per dollar.
European markets closed with mixed results. Eurozone’s composite Purchasing Managers Index (PMI) declined to 54.3 in January 2017 from 54.4 in December 2016. Germany’s economy appears to have slowed down as its PMI fell to four months low of 54.7 in January 2017 from 55.2 in December 2016. The DAX of Germany increased 0.43% and the CAX 40 of France rose 0.18%. The FTSE 100 of the UK declined 0.01%.
The US stocks closed higher on Tuesday owing to strong corporate earnings. The S&P 500 and the Nasdaq Composite closed at new record highs on Tuesday; while the Dow Jones Industrial Average resumed its march towards the psychologically important 20,000 mark, finishing less than 90 points away from the milestone.
Most of the Asian markets are trading in the green on Wednesday following optimistic lead from the US market, wherein the Japanese Nikkei 225 surged over 1 per cent, followed by Hang Seng. China’s Shanghai Composite is trading with minor losses of 0.04 per cent.
The SGX Nifty index gained 32 points trading above 8500 mark.
Rupee opens lower at Rs 68.17 per dollar as compared to previous close at Rs 68.15 per dollar.
European markets closed with mixed results. Eurozone’s composite Purchasing Managers Index (PMI) declined to 54.3 in January 2017 from 54.4 in December 2016. Germany’s economy appears to have slowed down as its PMI fell to four months low of 54.7 in January 2017 from 55.2 in December 2016. The DAX of Germany increased 0.43% and the CAX 40 of France rose 0.18%. The FTSE 100 of the UK declined 0.01%.
The US stocks closed higher on Tuesday owing to strong corporate earnings. The S&P 500 and the Nasdaq Composite closed at new record highs on Tuesday; while the Dow Jones Industrial Average resumed its march towards the psychologically important 20,000 mark, finishing less than 90 points away from the milestone.
Most of the Asian markets are trading in the green on Wednesday following optimistic lead from the US market, wherein the Japanese Nikkei 225 surged over 1 per cent, followed by Hang Seng. China’s Shanghai Composite is trading with minor losses of 0.04 per cent.
The SGX Nifty index gained 32 points trading above 8500 mark.
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