Opening Bell – Nifty, Sensex open slightly lower ahead of GST rollout

At 9:15 AM, the BSE Sensex opened higher by 33 points at 30824, while the Nifty50 opened lower by 26 points at 9478 mark.

Bank of Baroda is the top Nifty gainer and Tech Mahindra is the top Nifty loser in the morning hours. 
 
There are 499 advances, 914 declines and 494 unchanged stocks on NSE reflecting a negative bias floating in the market.
 
Now, going forward, Nifty50 has immediate support placed around 9,450, and if it holds below 9,450 it may trigger fresh selling towards the levels of 9,420 and then 9,400, while, on the upside, resistances are seen in the zone of 9,550-9,560.
 
The rupee opened at 64.72 per US dollar depreciated by 9 paise. On Thursday, the rupee closed at a one month low of 64.63 against the US dollar after local equity markets erased all the gains and ended little change ahead of the rollout of good and services tax from 1 July.
 
The US stocks plunged on Thursday, with the S&P 500 and Dow Industrial registering their worst one-day declines since May as the technology sector continued its sell-off. The Dow Jones Industrial Average fell 168 points to 21,287. The S&P 500 index slipped 21 point to 2,420. The Nasdaq Composite Index tumbled 90 points to 6,144.
 
Asian stocks fell in early trade on Friday, following a sell-off in the US market. Japan’s Nikkei 225 has slipped 239 points; Hong Kong’s Hang Seng has lost 286 points, while China’s Shanghai Composite has shed 8 points.

Opening Bell – Nifty reconquers 9500, Broader markets outperform benchmarks

At 9:15 AM, the BSE Sensex opened higher by 76 points at 30910, while the Nifty50 opened higher by 31 points at 9522 mark.

Axis Bank is the top Nifty gainer and NTPC is the top Nifty loser in the morning hours. 
 
There are 963 advances, 369 declines and 471 unchanged stocks on NSE reflecting a positive bias floating in the market.
 
Nifty50 index has immediate support placed in the range of 9,450, and if it holds below 9,450, it may trigger fresh selling towards 9,420 and then 9,400 level, while on the upside, resistances are seen at the level of 9,550.
 
The rupee opened at 64.46 per US dollar appreciated by 9 paise. On Wednesday, the rupee weakened further to close with a marginal loss of 2 paise at 64.55 against the American currency in limited trade on the back of stray dollar demand from importers.
 
The US stocks showed a strong move to the upside on Wednesday. The Dow climbed 144 points to 21,455. The Nasdaq advanced 88 points to finish at 6,234 and the S&P 500 jumped 21 points to 2,441.
 
Asian stocks edge higher in early trade on Thursday, following a rebound in the US markets. Japan’s Nikkei 225 has surged 104 points; Hong Kong’s Hang Seng has gained 175 points, while China’s Shanghai Composite has gained 4 points.

Opening Bell – Nifty oscillates around 9500, Sensex opens higher by 30 points

At 9:15 am the BSE Sensex opened at 30,988 up by 30 points, while the Nifty50 opened up by 9 points at 9,520 mark.
 
Kotak Mahindra Bank is the top Nifty gainer and Asian Paints is the top Nifty loser in the morning hours. Kotak Mahindra Bank is trading at Rs 981.85 per share up by 0.73% whereas Asian Paints is trading at Rs 1,115.05 per share, down by 1.68%.
 
There are 508 advances, 885 declines and 495 unchanged stocks on NSE reflecting some negative bias floating in the market.
 
The rupee opened at 64.55 per US dollar lower by 2 paise on Wednesday. The Indian rupee closed at 64.53 a dollar, down 0.03% from its Friday’s close of 64.52, on Tuesday, erasing all the morning gains and closed little changed against the US dollar after local equity markets fell nearly 180 points.
  
Nifty50 index has immediate support placed in the range of 9,450, and if it slips below this support zone, the next support is likely to come around the level of 9,400, while on the upside, resistances are seen in the zone of 9,550.
 
The US stocks closed lower on Tuesday. The tech-heavy Nasdaq Composite witnessed a steep drop, tumbling 101 points to finish at 6,147. The Dow Jones Industrial Average fell 99 points to 21,311 and the S&P 500 slid 20 points to 2,419. The weakness on Wall Street came following the International Monetary Fund cutting its outlook for the world’s largest economy.
 
Asian stocks are trading in the negative territory in early trade on Wednesday. Japan’s Nikkei 225 has lost 43 points; Hong Kong’s Hang Seng has slipped 194 points, while China’s Shanghai Composite has shed 10 points.

Opening Bell – Markets open higher, Nifty below 9600

At 9:15 AM, the BSE Sensex opened higher by 56 points at 31194, while the Nifty50 opened higher by 20 points at 9594 mark.

Aurobindo Pharma is the top Nifty gainer and Indiabulls Housing Finance is the top Nifty loser in the morning hours. 
 
There are 927 advances, 513 declines and 460 unchanged stocks on NSE reflecting a positive bias floating in the market.
 
Nifty50 index has immediate support placed in the range of 9,550-9,540, and if it slips below this support zone, the next support is likely to come around the level of 9,510, while on the upside, resistances are seen in the zone of 9,600-9,650.
 
The rupee opened at 64.48 per US dollar appreciated by 3 paise. On Friday, The Indian rupee closed stronger against the US dollar tracking gains in the Asian currencies markets. The rupee closed at 64.52 a dollar, up 0.14% from its Thursday’s close of 64.60.
 
The US stocks closed mixed on Monday. The Dow Jones Industrial Average rose 15 points to end at 21,410. The S&P 500 finished with marginal gain of 0.1% at 2,439. Bucking the negative trend, the Nasdaq Composite Index shed 18 points to close at 6,247.
 
Most of the Asian stocks are trading in the positive territory in early trade on Tuesday. Japan’s Nikkei 225 has gained 78 points as the yen weakened against the US dollar for the first time in seven days; Hong Kong’s Hang Seng is up 30 points, while China’s Shanghai Composite has slipped 5 points.

Opening Bell – Markets opens flat with marginal negative bias

At 9:15 am the BSE Sensex opened at 31091 down by 4 points, while the Nifty50 opened down by 1 point at 9615 mark.
 
Sun Pharma is the top Nifty gainer and Tech Mahindra is the top Nifty loser in the morning hours. Sun Pharma is trading at Rs 546.95 per share up by 2.70% whereas Tech Mahindra is trading at Rs 394.20 per share, down by 0.78%.
 
There are 1003 advances, 410 declines and 485 unchanged stocks on NSE reflecting some positive bias floating in the market.
 
The rupee opened at 64.43 per US dollar higher by 1 paise on Tuesday. The rupee closed over one week low against the US dollar tracking losses in the global equity and currencies markets. The rupee closed at 64.44, a level last seen on 1 June, down 0.29% from its Friday’s close of 64.25.
  
Immediate support for the Nifty50 index is placed around the level of 9,580, and if it holds below this level, further correction up to the level of 9,550 is likely. On the upside, the levels of 9,640-9,650 is likely to act as a resistance for the Nifty50, if it holds above the levels of 9,640-9,650, it may scale up to the level of 9,700.
 
The US stocks fell on Monday as the tech sector extended losses. The tech-heavy Nasdaq underperformed its counterparts. The Nasdaq Composite Index slumped 32 points to close at 6,175. The Dow Jones Industrial Average slid 36 points to end at 21,235. The S&P 500 dipped 2 points to close at 2,429.
 
Asian shares are trading mixed in early trade on Tuesday. Japan’s Nikkei 225 has been trading with loss of 10 points; Hong Kong’s Hang Seng has gained 63 points, while China’s Shanghai Composite has shed 7 points.

Opening Bell - Markets open lower; IT stocks drag

At 9:15 AM, the BSE Sensex opened lower by 22 points at 31196, while the Nifty50 opened lower by  9 points at the 9638 mark.

 
Reliance Industries Limited is the top Nifty gainer and Infosys is the top Nifty loser in the morning hours. RIL is trading at Rs 1348 per share up by 1.24% whereas Infosys is trading at Rs 932 per share, down by 2.56%.
 
IT stocks are trading in negative territory in the morning hours on Friday extending its Thursday’s loss. Tech Mahindra, HCL Tech, Wipro and Infosys are the top Nifty losers.
 
There are 831 advances, 823 declines and 87 unchanged stocks on NSE. The rupee opened at 64.27 per US dollar lower by 6 paise on Friday.
 
The level of 9,630 is an immediate support level for the Nifty50 index, and if it holds below the level of 9,620, it may correct up to the level of 9,570, whereas the region of 9,700-9,710 may continue to act as a barrier on the upside. 
 
Back home, Indian markets after making a positive start on Thursday, slipped in the negative terrain and ended the session with marginal losses as investors and traders preferred taking profit ahead of the UK elections and former FBI chief James Comey testimony.
 
The US stocks showed a lack of direction over the course of the trading session on Thursday. Despite the choppy trading session, the tech-heavy Nasdaq finished at a record level as other benchmarks closed higher. The Nasdaq Composite Index advanced 24 points at a record 6,322. The Dow Jones Industrial Average finished up 9 points at 21,183 and the S&P 500 closed flat at 2,434. 
 
Most of the Asian stocks are trading in positive territory in early trades on Friday. Japan’s Nikkei 225 has gained 160 points; Hong Kong’s Hang Seng has slipped 21 points, while China’s Shanghai Composite has gained 6 points.

Opening Bell – Sensex opens above 31300, Nifty opens close to 9700

At 9:15 am the BSE Sensex opened at 31316 up by 45 points, while the Nifty50 opened up by 18 points at 9682 mark.

 
Tata Steel is the top Nifty gainer and ONGC is the top Nifty loser in the morning hours. Tata Steel is trading at Rs 502 per share up by 2.27% whereas ONGC is trading at Rs 170.70 per share, down by 0.78%.
 
There are 930 advances, 459 declines and 513 unchanged stocks on NSE reflecting some positive bias floating in the market.
 
The rupee opened at 64.40 per US dollar lower by 7 paise on Thursday. The rupee on Wednesday recovered from early lows to close 10 paise up at nearly three-week high of 64.33 against the dollar after the Reserve Bank lowered its inflation forecast while keeping the policy rates unchanged.
 
The Nifty50 index has respected the support level of 9,630 and now it needs to hold above the level of 9,680 if it were to extend its upward rally towards the levels of 9,710 and 9,735. On the downside, the level of 9,620-9,630, may continue to act as a strong support level and if this support is breached, it is likely to slide down to the level of 9,570.
 
The US stocks showed a lack of direction over the course of the trading session on Wednesday but managed to end the day with modest gains. The Dow Jones Industrial Average rose 37 points to close at 21,174. The S&P 500 index rose 4 points to close at 2,433. The Nasdaq Composite index edge up 22 points to close at 6,297.
 
Most of the Asian shares edge lower in early trade on Thursday. Japan’s Nikkei 225 has been trading unchanged; Hong Kong’s Hang Seng has slipped 23 points, while China’s Shanghai Composite has shed 4 points.

Opening Bell – Markets edge higher ahead of RBI policy announcement

At 9:15 AM, the BSE Sensex opened higher by 62 points at 31252, while the Nifty50 opened higher by 26 points at 9663 mark.

Vedanta is the top Nifty gainer and Dr Reddy’s is the top Nifty loser in the morning hours. 
 
There are 842 advances, 443 declines and 483 unchanged stocks on NSE reflecting some positive bias floating in the market.
 
The level of 9,700 is likely to act as a strong barrier for the Nifty50. If it holds above the level of 9,700, a rally is likely up to the level of 9,730. On the downside, the support for Nifty50 index is placed in the region of 9,620-9,630.
 
The rupee opened at 64.49 per US dollar lower by 6 paise. On Tuesday, snapping its four-day winning run, the rupee turned weaker by 7 paise to end at 64.43 against the US dollar amid caution ahead of the outcome of the RBI’s bi-monthly policy review meet on Wednesday.
           
The US stocks ended the Tuesday’s session marginally lower. The Dow Jones Industrial Average dropped 48 points to end at 21,136. The S&P 500 index declined 7 points to close at 2,430. The Nasdaq Composite index slid 21 points to close at 6,275.
 
Asian shares are trading mixed in early trading on Wednesday. Japan’s Nikkei 225 has slipped 44 points, Hong Kong’s Hang Seng has surged 62 points, while China’s Shanghai Composite has gained 21 points.

Markets may open on a flattish note

Indian equity markets may open on a flattish note on Tuesday tracking subdued cues from Asian peers. The SGX Nifty, which was trading with gains of 6 points at 9,700, indicated that domestic bourses may open flat.
 
Nifty50 is likely to face immediate resistance around the levels of 9,700-9,710. If it holds above these levels, a rally up to the level of 9,750 is likely. On the downside, the support for Nifty50 index is placed in the region of 9,620-9,630.
 
Back home, Indian markets continued their winning streak on Monday, with benchmark indices Sensex and Nifty recording fresh record highs, as sentiment got a boost after better-than-expected growth in Indian’s service PMI, Nikkei Purchasing Managers’ Index (PMI) data showed that India’s services sector expanded at the fastest rate in the past four months in May at 52.2. Additionally, gem and jewellery stocks were in the limelight after GST Council fixed GST rate at 3%.
 
The US stocks showed a lack of direction throughout the trading session on Monday. Eventually, the session ended with nominal losses. The Dow Jones Industrial Average slipped 22 points to 21,184. The SP 500 declined 3 points to finish at 2,346. The Nasdaq Composite Index closed lower by 10 points at 6,296.
 
Most of the Asian shares declined marginally in early trade on Tuesday. Japan’s Nikkei 225 has fallen 122 points. Hong Kong’s Hang Seng has advanced 77 points and China’s Shanghai Composite has shed 3 points.

Opening Bell – Nifty, Sensex open on a muted note

At 9:15 AM, the BSE Sensex opened higher by 1 points at 31274, while the Nifty50 opened higher by 3 points at 9656 mark.
 
India Bulls Housing Finance is the top Nifty gainer and Lupin Auto is the top Nifty loser in the morning hours. 
 
There are 953 advances, 445 declines and 502 unchanged stocks on NSE reflecting some positive bias floating in the market.
 
The level of 9,700 is likely to act as a strong barrier for the Nifty50. If it holds above the level of 9,700, a rally is likely up to the level of 9,730. On the downside, the support for Nifty50 index is placed in the region of 9,620-9,630.
 
The rupee opened at 64.31 per US dollar higher by 13 paise. On Friday, the rupee rose by 4 paise to a fresh one-week high of 64.44 against the US dollar on sustained selling of the American currency by exporters.
 
The US stocks closed higher on Friday, shrugging off weaker than expected job data. The tech-heavy Nasdaq outperformed its counterparts. The Nasdaq Composite Index advanced 59 points to finish at 6,306. The Dow Jones Industrial Average rose 62 points to close at 21,206. The S&P 500 index gained 9 points to 2,439.
 
Asian markets are trading flat on Monday. Japan’s Nikkei 225 has gained 5 points. Hong Kong’s Hang Seng has advanced 2 points. However, China’s Shanghai Composite has shed 9 points.

Opening Bell – Nifty at record high, opens at 9657

At 9:15 AM, the BSE Sensex opened lower by 68 points at 31205, while the Nifty50 opened lower by 41 points at 9657 mark.
 
Lupin is the top Nifty gainer and Bajaj Auto is the top Nifty loser in the morning hours. 
 
There are 1100 advances, 315 declines and 453 unchanged stocks on NSE reflecting some positive bias floating in the market.
 
The levels of 9,645-9,650 are likely to act as a strong barrier for the Nifty50. If it holds above these levels, a rally up to levels of 9,700-9,730 is likely to happen, while on the downside, the support for Nifty50 index is placed at levels of 9,550 and 9,500.
 
The rupee opened at 64.35 per US dollar higher by 13 paise. On Thursday, the rupee strengthened by 3 paise to close at 64.48 a dollar level despite weaker-than-expected GDP numbers.
 
The US stocks closed at record highs on Thursday. The strength on Wall Street came following the release of upbeat economic data, including a report from payroll processor ADP showing a jump in private sector employment in the month of May. The S&P 500 index surged 18 points to finish at 2,430. The Dow Jones Industrial Average advanced 136 points to end at 21,144. The Nasdaq Composite Index rose 48 points to close at 6,247.
 
Most of the Asian markets were trading in the green on Friday. Japan’s Nikkei 225 has surged 242 points, surpassing the 20,000 mark for the first time since 2015. Hong Kong’s Hang Seng has risen 137 points, while China’s Shanghai Composite has shed 6 points.

Opening Bell - Nifty and Sensex opened in red; Bank stocks trade weak

At 9:15 AM, the BSE Sensex opened lower by 28 points at 31117, while the Nifty50 opened lower by 18 points at the 9603 mark.
 
Bharti Infratel is the top Nifty gainer trading higher by 1.55% at Rs 372.3 per share and Indiabulls Housing Finance is the top Nifty loser trading lower by 1.06% at Rs 1148 per share in the morning hours on Thursday.
 
The private bank stocks like HDFC Bank, ICICI bank and Kotak Bank are trading weak on the opening bell on Thursday. These stocks are dragging down the Bank Nifty index and BSE Bankex. Bank Nifty is trading lower by 0.28% at 23359 levels.
 
There are 843 advances, 596 declines and 462 unchanged stocks on NSE reflecting strong positive bias floating in the market.
 
As per the market observers, the level of 9631.8 is the important pivot level to watch out for Nifty on Thursday. The resistance levels for Nifty on Thursday are kept at 9654 and 9672 while the support levels are kept at 9614 and 9591.
 
Rupee opened at 64.48 per USD appreciated by 3 paise on Thursday.
 
The US stocks closed slightly lower on Wednesday as weakness lingered in the energy and banking stocks. The S&P 500 index registered a drop of single point to close at 2,412. The Dow Jones Industrial Average slipped 21 points to end at 21,009, its third straight modest decline. The Nasdaq Composite Index shed 5 points to finish at 6,199.
 
Asian markets were trading mixed on Thursday. Japan’s Nikkei 225 has surged 161 points, whereas Hong Kong’s Hang Seng has slipped 33 points and China’s Shanghai Composite has shed 13 points.

Opening Bell – Markets open flat, L&T top Nifty gainer

At 9:15 AM, the BSE Sensex opened lower by 2 points at 31111, while the Nifty50 opened lower by 18 points at 9590 mark.

 
L&T Limited is the top Nifty gainer and Power Grid is the top Nifty loser in the morning hours. 
 
There are 600 advances, 755 declines and 448 unchanged stocks on NSE reflecting some positive bias floating in the market.
 
The rupee opened at 64.64 per US dollar appreciated by 6 paise. The rupee on Monday weakened by 6 paise against the dollar to close at 64.50 on month-end demand for the US currency from importers, ending its three-day spectacular run.
 
Now, going forward. Nifty50 needs to sustain above the level of 9,650 to witness an upmove towards the levels of 9,680-9,700. On the downside, the support for Nifty50 index is pegged at the levels of 9,545 and 9,505.
 
Financial markets in the US remained closed on Monday, May 29, 2017, in observance of Memorial Day.
 
Most of the Asian markets are trading in the negative terrain on Tuesday. Japan’s Nikkei 225 has slipped 85 points. The equity markets in Hong Kong and China remained shut for the day on account of a public holiday.

Opening Bell - Sensex, Nifty flat; Auto, Metal stocks lead

 At 9:15 AM, the S&P BSE Sensex is trading at 27,942 up 12 points, while NSE Nifty is
trading at 8,653 up 27 points.

The rupee opened higher by seven paise at 66.72/$ as against the previous close of 66.79/$.

Asian markets opened on a weak note following the US indices which closed marginally in the red after very range bound trade. Uncertainty on the US elections which are due next week coupled with rise in bond yields kept sentiment weak. The only exception continues to be Brazil & Russia where the indices continue to tread higher with more money chasing growth as economies see better times ahead.  

Auto numbers will be in focus as the festive season was expected to spur demand. While Mutual Funds pumped in net Rs. 8,106 crore, foreign funds pulled out more than Rs. 10,000 crore in October; a bulk of the withdrawals was in debt.

The dollar has weakened. China’s manufacturing sector saw its fastest pace of expansion in recent years as Purchasing Managers' Index (PMI) moved higher to 51.2 in October.

Crude oil prices, which were subdued for weeks rose marginally on expectations of some consensus among OPEC members in managing production. The email saga may be haunting Clinton but polls suggest she is still ahead in the race for US President. The Bank of Japan maintained status quo on rates. Fed outcome tomorrow will be eyed though nothing much is expected ahead of US presidential elections.

India’s core sectors grew 5% in September driven by strong growth in the steel and petroleum products sectors. The growth in the Index of Eight Core Industries is stronger than the 3.2% rise in August.

On macroeconomic data front, the Nikkei India Manufacturing PMI data for the month of October is scheduled today. Also auto stocks will be in focus.

Opening Bell - Nifty above 8,600 mark.

At 9:15 AM, the S&P BSE Sensex is trading at 27,892 up 56 points, while NSE Nifty is trading at 8,614 up 22 points.

The rupee opened marginally higher by two paise at 67.02/$ against US Dollar Friday as against the previous close of 67.04/$.

Asian markets opened lower on Friday. Nikkei 225 is trading in red, while Shanghai Composite and Hong Kong's Hang Seng are trading higher.

Investors world over will hope to hear some clear thoughts from US Federal Reserve Chairman Janet Yellen at the Jackson Hole Symposium today. Yellen could use this opportunity to signal the direction of monetary policy as she speaks on “The Federal Reserve’s Monetary Policy Toolkit.” If the jobs data for August is strong, chances are a hike may happen.

Wall Street closed lower on Thursday. The Dow Jones industrial average fell 0.18%, to close at 18,448.41 points. The S&P 500 dropped 0.14% and the Nasdaq slipped 0.11%.

Oil prices were relatively flat during Asian trade on Friday. US crude traded at USD 47.34, similar to its last closing level, while global benchmark Brent was a touch lower, down 0.04 percent at USD 49.65 a barrel.

RBI has proposed a major overhaul in the way large companies borrow. In separate decisions, the central bank made it costlier for large companies to borrow more than a certain amount from banks even as it took steps to increase liquidity and participation in the corporate bond market.

Opening Bell - Sensex, Nifty flat

At 9:15 AM, the S&P BSE Sensex is trading at 27,918 down 64 points, while NSE Nifty is trading at 8,635 down 12 points.

At 9:15 AM, the S&P BSE Sensex is trading at 27,918 down 64 points, while NSE Nifty is trading at 8,635 down 12 points.

Asian markets are trading mixed. In Japan, the Nikkei 225 and Hong Kong's Hang Seng trading lower by 1%. Shanghai Composite is marginally up.

US markets closed lower. S&P 500 lost 0.64% to 2,157 points, on selling in shares of retailers and automobile companies. The Dow Jones Industrial Average fell 0.49% while the Nasdaq slipped 0.9%.

On the economy front,the NIKKEI Services PMI for July will be in focus.

Rajya Sabha to take up the Constitution amendment bill to implement GST in the country. The bill, which has been pending in the upper house since May 2015, is likely to go through with Congress party's support.

Today, SBI Chairman Bhattacharya and West Bengal Finance Minister Mitra to speak at 13th Banking Conclave organised by FICCI in Kolkata.

S&P Global Ratings said that Indian state-run banks will need Rs.2.5 lakh crore capital infusion over the next three years to meet Basel-III requirements.

The Indian rupee opened higher by four paise at 66.70/$ against US Dollar Wednesday as against the previous close of 66.74/$.

Opening Bell - Nifty opens above 8600 mark

At 9:15 AM, the S&P BSE Sensex is trading at 28,078 up 53 points, while NSE Nifty is trading at 8,631 up 14 points.

At 9:15 AM, the S&P BSE Sensex is trading at 28,078 up 53 points, while NSE Nifty is trading at 8,631 up 14 points.

Asian markets are trading mixed. In Japan, the Nikkei 225 dropped 0.7%. Hong Kong's Hang Seng is trading in red.

US stocks closed mixed Wednesday. The US Fed kept interest rates unchanged. Dow Jones Industrial Average was near flat at 18,472.17 points. The S&P 500 index closed 0.12% lower at 2,166.58 points, while the Nasdaq Composite was up 0.58% at 5,139.81 points.

The Union cabinet has increased the foreign shareholding limit in Indian stock exchanges from 5% to 15%, as announced in the budget, bringing investments by foreign entities on par with those by domestic institutions.

Also, the cabinet approved key changes to the Constitution amendment bill for goods and services tax (GST), doing away with 1% additional levy on supply of goods, and proposing full compensation to states for five years for revenue loss arising from transition to GST.

The rupee opened higher by four paise at 67.06/$ against US Dollar Thursday as against the previous close of 67.27/$.

Opening Bell - Sensex, Nifty flat

At 9:15 AM, the S&P BSE Sensex is trading at 27,017 up mere seven points, while NSE Nifty is trading at 8,274 up mere seven points.

At 9:15 AM, the S&P BSE Sensex is trading at 27,017 up mere seven points, while NSE Nifty is trading at 8,274 up mere seven points.

The Indian rupee opened higher by one paise at 66.78/$ against US Dollar on Wednesday as against the previous close of 66.77/$.

Asian markets are mixed with China's Shanghai Composite down 0.74%. Japan's Nikkei and Hang Seng are marginally down. The S&P 500 ended at its best level since July led by a big jump in energy shares. The Dow Jones ended up 17.95 points, or 0.1%, while the S&P 500 gained 2.72 points, or 0.13%.The Nasdaq Composite dipped 6.96 points, or 0.14%.

On Tuesday, Indian stock market drew strength from RBI Governor’s accommodative policy action. RBI assured the markets that it would infuse liquidity depending on the situation and will closely monitor how the monsoon situation develops. The central bank hinted at progressive lowering of average ex ante liquidity deficit in the system to a position closer to neutrality. Investors will now shift their attention to the Brexit vote scheduled to take place later this month and of course the Fed meet which may leave interest rates alone.

On the economy front, Nirmala Sitharaman said that the foreign direct investment went up 42% since the NDA government assumed office in May 2014.

The Prime Minister of India Narendra Modi and the President of the United States of America Barack Obama met in the White House during an official working visit of Prime Minister Modi to the United States. Marking their third major bilateral summit, the leaders reviewed the deepening strategic partnership between the United States and India that is rooted in shared values of freedom, democracy, universal human rights, tolerance and pluralism, equal opportunities for all citizens, and rule of law.

Today, Infosys Finacle and Paytm will announce a strategic partnership in Mumbai.

Opening Bell - Sensex, Nifty open higher ahead of RBI policy

At 9:15 AM, the S&P BSE Sensex is trading at 26,861 up 84 points, while NSE Nifty is trading at 8,236 up 34 points.

At 9:15 AM, the S&P BSE Sensex is trading at 26,861 up 84 points, while NSE Nifty is trading at 8,236 up 34 points.

The Indian rupee opened higher by 7 paise at 66.90/$ against US Dollar on Tuesday as against the previous close of 66.97/$. Today, markets will look forward to RBI monetary policy meeting, where the central bank is expected to maintain status quo on the rates, however will persist with its accommodative stance. Meanwhile, British Pound has not been able to participate in the recent weakness of the greenback, as recent surveys suggest a close battle between the ‘stay’ and ‘leave’ vote for the Brexit Referendum on June 23rd.

Asian markets are trading higher after Chair Janet Yellen said US interest rate hikes are likely on the way, held back any reference to the timing.

Japan's Nikkei 225 was up 0.36%, while China's Shanghai Composite is in the red. South Korea’s Kospi index ​is ​at 2,004.14 points (up 0.91%) and Indonesia’s Jakarta Composite ​is ​at 4,927.82 points (up 0.65%).

Taiwan’s Taiex at 8,657.43 points (up 0.0.70%), Singapore’s Straits Times at 2,841.15 points (up 0.35%), Hong Kong’s Hang Seng at 21,183.82 points (up 0.73%), Thailand’s SET Composite at 1,449.17 points (up 0.40%) and Singapore Nifty at 8,271 points (up 0.44%).

The S&P 500 closed at a 7-month high as Federal Reserve Chair Janet Yellen gave upbeat picture of the economy.

The Fed chief said last month's jobs report was "disappointing" and bears watching, though she gave a largely upbeat assessment of the US economic outlook, warning against attaching too much significance to the payrolls data in isolation. The Dow Jones closed up 113.27 points, or 0.64 per cent, to 17,920.33, while the S&P 500 gained 10.28 points, or 0.49 per cent, to 2,109.41, its highest close in seven months.The Nasdaq Composite added 26.20 points, or 0.53 per cent, to 4,968.71.

Brent futures hit a seven-month high of $50.83 per barrel on Monday before easing a tad to $50.44 in early Tuesday. US West Texas Intermediate (WTI) crude stood little changed in early Asia at $49.63 per barrel, after having gained 2.2 per cent on Monday, its largest gain in three weeks.

The Australian market is extending gains from the previous session, buoyed by the positive cues overnight from Wall Street and higher commodity prices.