At 9:16 am (IST), the BSE Sensex was trading at 19010, up 132 points over the previous close. It had earlier touched a day's high of 19035 and a day's low of 18943. It opened at 18943.
The NSE Nifty was quoting at 5,698, down 21 points over the previous close. It earlier touched a days high of 5,712 and a days low of 5663. It opened at 5,704.
The BSE Small-Cap index and BSE Mid- Cap index was trading flat.
RIL, Infosys, Wipro, TCS, SBI, ICICI Bank, Tata Steel, BHEL, HDFC, Gail India, NTPC, Tata Power, ONGC, BHEL, Hero MotoCorp are among gainers in Sensex and Nifty.
Sun Pharma, HDFC Bank, Bharti Airtel, Dr Reddys Lab, Coal India, Bajaj Auto, M&M are among losers in Sensex and Nifty.
Power, HC, PSU, IT, Teck, Consumer Durables, Oil and gas indices,Bankex, Capital Goods, Metal, Realty indices are the losers.
Healthcare indices is only the loser.
SEBI is expected to convene a meeting of FIIs to clarify on issues raised by Budget proposals. The FM will also do roadshows in US, Canada and Japan in April-May to lure investors. Meanwhile, Moodys has said the Budget pursues a realistic fiscal consolidation path and is credit positive.
The market is expected to open in the green. US indices ended higher. Asian stocks are also gaining. Expectations are that central bankers will continue stimulus measures. China has maintained its economic-growth target for 2013. Japan's Nikkei is up over a percent while Hong Kong's Hang Seng and South Korea's Kospi index are marginally higher. China's Shanghai index is up 0.20%.
US Federal Reserve Vice Chairman Janet Yellen said the U.S. central bank should press on with $85 billion in monthly bond buying. Kikuo Iwata, a nominee for Bank of Japan deputy governor said The Bank of Japan should expand the countrys monetary base.
Mukesh Ambani has retained his title as India's richest person for sixth year in a row. There are a total 55 billionaires from India on the list of 1,426 persons from across the world having a minimum networth of $ 1bn.
Results watch: KS Oils, Standard Chartered, Artheon Fin
Trends in FII flows: The FIIs were net sellers of Rs301mn in the cash segment on Monday, while the domestic institutional investors (DIIs) were net sellers of Rs1.11bn, as per the provisional figures released by the NSE.
The foreign funds were net buyers of Rs14.98bn in the cash segment on Friday, according to the SEBI figures.
India Infoline News Service / 08:59, Aug 25, 2014
The outlook is a flat start. The BankNifty has given a breakout but many of the large caps are remaining in a range keeping the main indices under pressure.