 "Markets open higher led by rate sensitives")
Markets have started the trading session on a marginally higher note, tracking positive Asian cues, led by rate sensitive shares ahead of the Reserve Bank of India’s monetary policy review today.
By 9:40, Sensex gained by 40 points at 19,333, and the Nifty up 10 points at 5,845 levels.
In Asia this morning, Exporters opened lower with the dollar and the euro falling against the yen, in line with growing uncertainty over the economic outlook in Europe and the U.S. The Nikkei has surged 2% to 12,457. Seoul Composite is up marginally as well.
Back home, BSE Realty, Auto and Bankex indices have surged by almost 1% each. Sectors like Healthcare, FMCG, Consumer Durable, Oil & Gas and Power are trading marginally positive. However, BSE IT, Metal, PSU and Capital Goods indices are trading slightly negative.
Rate sensitive are trading higher on hopes that the RBI may announce a cut in the CRR.
The main gainers on the Sensex at this hour include GAIL, Bajaj Auto, ICICI Bank, Sun Pharma and Tata Motors, all gaining between 1-2%.
On the losing side, CIL, BHEL, TCS, DRL and ONGC have declined between 1-2%.
The broader markets are trading marginally higher. The market breadth in BSE remains positive with 809 shares advancing and 510 shares declining.
By 9:40, Sensex gained by 40 points at 19,333, and the Nifty up 10 points at 5,845 levels.
In Asia this morning, Exporters opened lower with the dollar and the euro falling against the yen, in line with growing uncertainty over the economic outlook in Europe and the U.S. The Nikkei has surged 2% to 12,457. Seoul Composite is up marginally as well.
Back home, BSE Realty, Auto and Bankex indices have surged by almost 1% each. Sectors like Healthcare, FMCG, Consumer Durable, Oil & Gas and Power are trading marginally positive. However, BSE IT, Metal, PSU and Capital Goods indices are trading slightly negative.
Rate sensitive are trading higher on hopes that the RBI may announce a cut in the CRR.
The main gainers on the Sensex at this hour include GAIL, Bajaj Auto, ICICI Bank, Sun Pharma and Tata Motors, all gaining between 1-2%.
On the losing side, CIL, BHEL, TCS, DRL and ONGC have declined between 1-2%.
The broader markets are trading marginally higher. The market breadth in BSE remains positive with 809 shares advancing and 510 shares declining.
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