The market has opened flat but soon gained strength. The Sensex is up 127.64 points or 0.5 percent at 26608.89 and the Nifty is up 39.40 points or 0.5 percent at 8061.80. US index provider MSCI has out on hold including China A shares in one of its key benchmarks, but expects them to be included once outstanding market accessibility issues are resolved. About 541 shares have advanced, 142 shares declined, and 64 shares are unchanged. Tata Power, BHEL, Bharti, SBI and Axis Bank are top gainers while Tata Motors, Cipla and GAIL are among laggards in the Sensex. Globally, the US markets ended flat following recovery in bond yields and as investors await clearer signals on the timing of a US interest rate rise.
European market closed lower while Asia is mixed in morning trade. In other asset classes, the dollar steadies helped by a rise in US bond yields and expectations that a Federal Reserve interest rate hike may come as early as September.
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