The Sensex pared gains after opening at fresh high tracking positive trend in Asian markets, which rode higher thanks to strong US corporate earnings and hopes China will boost fiscal support for its economy. At 9:25 am, the Sensex was trading at 36,851, up 26.07 points, while the broader Nifty50 was ruling at 11,138, up 3.90 points.
Overseas, MSCI’s broadest index of Asia-Pacific shares outside Japan gained 0.17 per cent. The index extended gains from the previous day, when it was lifted after China said it will adopt a more vigorous fiscal policy to help tackle external uncertainties.
Australian stocks dipped 0.1 per cent, South Korea’s KOSPI advanced 0.35 percent and Japan’s Nikkei rose 0.5 per cent. Overnight on Wall Street, the S&P 500 closed at its highest level since Feb. 1 as Alphabet’s blowout results bolstered expectations of a robust earnings season.
1) Market breadth remains positive: Market breadth, indicating the overall health of the market, remained positive. On the BSE, 970 stocks rallied, 468 stocks declined, while 58 stocks remained unchanged.
2) Markets at open: At 9:25 am, the Sensex was trading at 36,851, up 26.07 points, while the broader Nifty50 was ruling at 11,138, up 3.90 points. In the broader market, the BSE Midcap and the BSE Smallcap indices added 0.4 per cent each.
ICICI Bank, Asian Paints among top five stocks in focus today
PVR, Inox Leisure: The hearing on public interest litigation by a Mumbai resident against prohibiting people from carrying personal food items into film theatres is lined up at Bombay High Court later today.