Some buying activity is seen in consumer durables, metal, power, IT, pharma and teck sectors, while banking, auto and finance sector are showing weakness on BSE. The BSE Mid-cap Index is trading up 0.50% at 10,262, whereas BSE Small-cap Index is trading up 0.33% at 10,789.
At 9:21 AM, the S&P BSE Sensex is trading at 24,616 up 146 points, while NSE Nifty is trading at 7,467 up 42 points.
The BSE Mid-cap Index is trading up 0.50% at 10,262, whereas BSE Small-cap Index is trading up 0.33% at 10,789.
Some buying activity is seen in consumer durables, metal, power, IT, pharma and teck sectors, while banking, auto and finance sector are showing weakness on BSE.
Data expected for the day includes GDP and core sector numbers. Global cues are mixed for now. US stock indices advanced on Thursday on the back of strong earnings from the likes of Facebook and higher oil prices. Except for Vedanta, most of the Indian ADRs ended flat to negative. The S&P 500 rose 0.6%, the Dow gained 0.8% and Nasdaq closed nearly a percent higher. Crude oil futures leapt by more than 7% following reports that Russia and the OPEC would discuss a potential output cut. Oil surrendered most of those gains after a news report said that OPEC officials had denied plans for a meeting.
Reliance had a good run in recent times and that has kept Mukesh Ambani firm among the top 50 in world's wealthiest list. Azim Premji and Dilip Shanghvi are the others on the coveted list.
Fitch Ratings says that rating outlooks are improving in most sectors in developed market regions but worsening in emerging markets (EM), where they have fallen for the last five years and are now more negative than for their developed market equivalents in core sectors. Fitch expects global economic growth to rise modestly to 2.6% in 2016, from 2.3% in 2015.
The Government announced the 20 winners of the Smart City Challenge competition for financing during this financial year. Minister of Urban Development M.Venkaiah Naidu said that the winners were from 11 States and the Union Territory of Delhi and the selection was totally objective and transparent based on standardized processes.
During the second tranche of Sovereign Gold Bond (SGB) Scheme from 18th January, 2016 to 22nd January, 2016, as per initial figures, 3.16 lakh applications were received for a total subscription of 2790 Kilograms of gold amounting to Rs. 726 crore by the Banks.
The BSE Mid-cap Index is trading up 0.50% at 10,262, whereas BSE Small-cap Index is trading up 0.33% at 10,789.
Some buying activity is seen in consumer durables, metal, power, IT, pharma and teck sectors, while banking, auto and finance sector are showing weakness on BSE.
Data expected for the day includes GDP and core sector numbers. Global cues are mixed for now. US stock indices advanced on Thursday on the back of strong earnings from the likes of Facebook and higher oil prices. Except for Vedanta, most of the Indian ADRs ended flat to negative. The S&P 500 rose 0.6%, the Dow gained 0.8% and Nasdaq closed nearly a percent higher. Crude oil futures leapt by more than 7% following reports that Russia and the OPEC would discuss a potential output cut. Oil surrendered most of those gains after a news report said that OPEC officials had denied plans for a meeting.
Reliance had a good run in recent times and that has kept Mukesh Ambani firm among the top 50 in world's wealthiest list. Azim Premji and Dilip Shanghvi are the others on the coveted list.
Fitch Ratings says that rating outlooks are improving in most sectors in developed market regions but worsening in emerging markets (EM), where they have fallen for the last five years and are now more negative than for their developed market equivalents in core sectors. Fitch expects global economic growth to rise modestly to 2.6% in 2016, from 2.3% in 2015.
The Government announced the 20 winners of the Smart City Challenge competition for financing during this financial year. Minister of Urban Development M.Venkaiah Naidu said that the winners were from 11 States and the Union Territory of Delhi and the selection was totally objective and transparent based on standardized processes.
During the second tranche of Sovereign Gold Bond (SGB) Scheme from 18th January, 2016 to 22nd January, 2016, as per initial figures, 3.16 lakh applications were received for a total subscription of 2790 Kilograms of gold amounting to Rs. 726 crore by the Banks.
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