The S&P BSE Sensex is trading at 27,547 up 76 points, while NSE Nifty is trading at 8,314 up 19 points. The BSE Mid-cap Index is trading up 0.20% at 11,160, whereas BSE Small-cap Index is trading up 0.31% at 11,519.
All sector are in green except oil and gas is showing weakness on BSE. Vedanta, Tata Steel, Hindalco, Bajaj-Auto, Tata Motors, Maruti Suzuki and Axis Bank are among the gainers, whereas GAIL, Bharti Airtel, Lupin, HDFC Bank and HDFC are losing sheen on BSE.
Central bank moves are appealing to the market for now. Last week, China’s central bank's unexpected move to cut interest rates has cheered markets. Earlier, the European Central Bank indicated the possibility of a further stimulus. And of course, we have the US Fed's rate-setting meeting this week. No hike in interest rates is expected but a Fed meet is reason enough to keep markets on the edge.
US stocks ended higher following strong earnings from Microsoft, Google parent Alphabet and Amazon.The Dow Jones rose 157.81 (0.90 percent) to 17,646.97, while the S&P 500 gained 22.65 (1.10 percent) to 2,075.15. Nasdaq Composite Index stood at 5,031.86, up 111.81 points (2.27 percent). The Government released the draft National Capital Goods Policy that aims to increase the share of capital goods in total value manufacturing from 12% to 20% by 2025.
Tata Steel has reportedly reached an agreement with its Canadian iron ore joint venture (JV) partner New Millennium Iron Corp. to hike its stake to 94 per cent from the current 80 per cent. Ashoka Buildcon Ltd has announced that it has bagged Order worth Rs. 277 crore from NHAI.
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