The domestic stock markets have opened in the green on the back of positive international hints.
The Dow Jones rose on Friday and Asian shares are enjoying a relief rally in early trades.
At 9:20 am, the BSE Sensex was trading at 52,616.20, higher by 225.87 points or 0.46 percent and the NSE Nifty was at 15,767.50, up 75.20 points or 0.47 per cent.
The broader markets are likewise trading company, with the BSE Midcap index and BSE Smallcap index gaining 0.6 per cent and 0.9 percent respectively.Asian shares were selling the green on Monday as record highs on Wall Street and policy easing in China assisted relax a few of the current jitters on global growth.Japan's Nikkei bounced 1.9 percent, and away from a two-month trough touched on Friday, while South Korea added 0.6 per cent.
Nasdaq futures rose 0.1 per cent and S&P 500 futures were a fraction firmer.The three major US stock indexes rallied to tape-record closing highs on Friday as financials and other financially focused sectors rebounded after a selloff sparked by development worries previously in the week.
The Dow Jones increased 1.3 percent, the S&P 500 got 1.12 per cent and Nasdaq Composite added 0.96 per cent.On the profits front, HFCL, HMT, Steel Strips Wheels, Amit Securities and Dr Lalchandani Labs will launch their quarterly earnings on July 12.
And with regard to crucial economic data, the IIP and CPI inflation data will be revealed during the day.On Friday, the BSE Sensex had actually split 182.75 points and Nifty had actually decreased 38.10 points.On the stock-specific front, Ultratech Cement has actually zoomed almost 2 percent to Rs 7032.45 to top the gainers list on the BSE.
Select financial stocks are also going strong, with ICICI Bank, IndusInd Bank, Axis Bank, Kotak Mahindra Bank and SBI acquiring 1-2 percent each on the BSE.On the other hand, Bajaj Finserv, HDFC Bank and Dr Reddy's have lost around half a per cent each on the BSE.The BSE market breadth is strong.
Out of 2,750 stocks traded on the BSE, there are 2,070 advancing stocks as against 562 declines.