INSUBCONTINENT EXCLUSIVE:
NEW DELHI: A much-needed rebound in US payrolls along with the possibility of a China policy stimulus sent world stocks racing giving the
Indian indices a boost in Monday's trading session
In a document published on the central government's website late on Sunday, Beijing said it would step up a policy of targeted cuts to
banks' required reserve ratios to encourage financing for small and medium-sized businesses
Japan's Nikkei rose 0.2 per cent to its highest of the year so far, while South Korea made modest gains
However, losses in rupee capped any further gains
At around 9:30 am, BSE benchmark Sensex was trading 100 points, up 0.26 per cent up at 38,962
NSE Nifty too opened with gains and was up 19.80 points or 0.17 per cent at 11,685 around the same time.
In the fifty-pack index, 33 stocks
advanced, 17 declined while one was unchanged.
Among Sensex stocks, 20 traded in the green while 10 in the red
Bharti Airtel was the biggest gainer, rising 1.79 per cent
Other players in the green zone were -- Powergrid, Infosys, Tata Steel, LT and ONGC
On the other hand, YES Bank was the top loser, down 0.64 per cent
Among other stocks that were not doing well in morning trade were - RIL, Tata Motors, Maruti and Asian Paints.
Furthermore, BSE Midcap and
BSE Small cap made softer gains, rising 0.27 per cent and 0.49 per cent, respectively.
On the BSE sectoral front, barring Energy and Oil and
seasonally weak fourth quarter on back of large deal wins, but margins could come under pressure as costs of expanding headcount in US begin
The companies are also spending millions of dollars to reskill staff in India to build their offshore base.
