HCL Tech, Tech Mahindra, TCS and Infosys have gained 1-3 percent each on the BSEThe domestic stock markets have opened the week on a strong note in line with the global bourses, on the back of buying interest in metal and financial stocks.
At 9:20 am, the BSE Sensex was trading at 55,719.50, higher by 392 points or 0.72 percent and the Nifty was at 15,563.50, up 109.70 points or 0.66 per cent.
The wider markets are also strong, with the BSE Midcap index and BSE Smallcap index getting 0.7 per cent and 0.9 per cent each in early trading.Asian markets were attempting to get the pieces on Monday following recently's thrashing as coronavirus concerns showed little indication of easing off, while safe-haven flows benefited the dollar ahead of a crucial update on United States monetary policy.Wall Street rallied to close greatly higher at the close of a troubled week on waning concerns over whether the United States Federal Reserve could begin tightening its dovish financial policy sooner than anticipated.
The Dow Jones increased 0.64 per cent, the S&P 500 acquired 0.81 percent and Nasdaq Composite added 1.17 per cent.On the stock-specific front, infotech shares are trading company this morning.
HCL Tech, Tech Mahindra, TCS and Infosys have gotten 1-3 per cent each on the BSE.
The monetary area is also going strong, with Bajaj Finserv, Bajaj Financing and SBI gaining around a per cent each on the BSE.On the other hand, Powergrid, Bajaj Finance, Hindustan Unilever and M&M have actually shed upto a per cent each on the BSE.The BSE market breadth is even.
Out of 2,791 stocks traded on the BSE, there are 1,366 advancing stocks as against 1,309 declines.