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The Intraday trading market opened higher on Thursday morning. The Sensex rose 108.24 points to 28997.10 and the Nifty climbed 19.50 points to 8749.00. About 721 shares have advanced, 263 shares declined, and 198 shares are unchanged. Suzlon Energy gained 7.5 percent and Sesa Sterlite was up 3.5 percent. The Indian rupee opened with marginal gains of 4 paise at 61.60 per dollar today versus 61.64 Wednesday.
The S&P BSE Sensex opened higher for sixth consecutive session and hit a fresh all-time high led by gains in metals, pharmaceuticals and capital goods sectors. Global markets are in an up move on expectations of quantitative easing from the European Central Bank. According to analysts, the market looks overbought at current levels and traders should be cautious as some profit booking may be seen in the near-term.
In commodities, Nymex Crude futures fell more than 1 percent , giving up almost half the gains from the previous session, this after OPEC defended its decision not to intervene to stop a collapse in oil prices since the middle of last year. And precious metal gold slipped below USD 1300 an ounce hurt by profit-taking ahead of a key ECB meeting.
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The Intraday trading market opened higher on Thursday morning. The Sensex rose 108.24 points to 28997.10 and the Nifty climbed 19.50 points to 8749.00. About 721 shares have advanced, 263 shares declined, and 198 shares are unchanged. Suzlon Energy gained 7.5 percent and Sesa Sterlite was up 3.5 percent. The Indian rupee opened with marginal gains of 4 paise at 61.60 per dollar today versus 61.64 Wednesday.
The S&P BSE Sensex opened higher for sixth consecutive session and hit a fresh all-time high led by gains in metals, pharmaceuticals and capital goods sectors. Global markets are in an up move on expectations of quantitative easing from the European Central Bank. According to analysts, the market looks overbought at current levels and traders should be cautious as some profit booking may be seen in the near-term.
In commodities, Nymex Crude futures fell more than 1 percent , giving up almost half the gains from the previous session, this after OPEC defended its decision not to intervene to stop a collapse in oil prices since the middle of last year. And precious metal gold slipped below USD 1300 an ounce hurt by profit-taking ahead of a key ECB meeting.
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