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After a very weak August series, the Indian share market has
kick started September series with a bang. The Nifty is up 104.75 points or 1
percent at 8053.70 and the Sensex is up 319.03 points or 1 percent at 26550.22.
About 201 shares have advanced, 35 shares declined, and 7 shares are unchanged.
ONGC, Hindalco, Maruti, M&M and Cipla are top gainers in the Sensex. The
Indian rupee opened on a flat note. It was trading at 66.03 per dollar against
previous closing of 66.04.
On the global markets front, Wall Street rallied more than 2 percent on Thursday as strong US economic data and hints that a September interest-rate hike was unlikely fueled optimism that the worst of recent market turmoil was over. Oil prices jumped 7 percent after a rally in equity markets and an unexpected fall in US crude inventories.
The Indian stock market opened on a rousing note this morning, extending previous session's gains, on strong global cues. The Sensex is up 278 points or 1.06% at 26,509.16 after vaulting to 26,595.66. The Nifty is up 91.65 points or 1.15% at 8040.60, after zooming to 8061.95 earlier. Indian stocks look headed for a higher opening on Friday, tracking positive global cues.
On the global markets front, Wall Street rallied more than 2 percent on Thursday as strong US economic data and hints that a September interest-rate hike was unlikely fueled optimism that the worst of recent market turmoil was over. Oil prices jumped 7 percent after a rally in equity markets and an unexpected fall in US crude inventories.
The Indian stock market opened on a rousing note this morning, extending previous session's gains, on strong global cues. The Sensex is up 278 points or 1.06% at 26,509.16 after vaulting to 26,595.66. The Nifty is up 91.65 points or 1.15% at 8040.60, after zooming to 8061.95 earlier. Indian stocks look headed for a higher opening on Friday, tracking positive global cues.
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