At 12:15 pm (IST), the BSE Sensex was trading at 19102, up 86 points over the previous close. It had earlier touched a day's high of 19144 and a day's low of 18989. It opened at 18989.
The NSE Nifty was quoting at 5,815, up 32 points over the previous close. It earlier touched a days high of 5,833 and a days low of 5,789. It opened at 5,789.
The BSE Small-Cap index and BSE Mid- Cap index was trading at 0.60% and 0.55%
Coal India, HDFC Bank, Hero MotoCorp, L&T, Tata Steel, SBI, BHEL, RIL, Gail India, ICICI Bank are among gainers in Sensex and Nifty.
Wipro, Infosys, Sterlite Inds, ONGC, Dr Reddys Lab, TCS, Bajaj Auto, Mahindra 7 Mahindra are among losers in Sensex and Nifty.
Consumer Durables, Bankex, Capital Goods, Metal, PSU, Power, FMCG, Healthcare,Oil & Gas, Auto indices are the gainers.
IT, Teck, Realty indices are the losers.
Finance minister P Chidambaram accepts that he is not satisfied with the progress but is confident that the government will last its full term. He expects significant economic reforms in the coming 12 months.
The market appears set to resume its uptrend after one of the best weeks in recent times even as the US market saw one of its worst weeks. This is a truncated week again with the stock market closed on Wednesday. Being an F&O expiry week, the usual volatility could set in after a good start.
The Asian markets are more or less positive. Japan's Nikkei 225 index was up almost 2% while Hong Kong's Hang Seng index and South Korea's Kospi were trading 0.1% higher. China's Shanghai index was marginally lower.
The yen fell after the Group of 20 nations backed the Bank of Japans plan to buy more than 7 trillion yen ($70 billion) a month of bonds. US crude was flat at US$88 a barrel. Spot gold was marginally higher at $1,407.81 an ounce.
The Budget Session in Parliament resumes and the Opposition is set to fire on all cylinders on a host of issues including the vetting of the CBI report on coal scam by Law Minister Ashwani Kumar. The deliberate leak into the 2G scam may also figure in the Oppositions angst. The session ends on May 10 and the government will hope to push key bills including the Food Security Bill, Insurance and Pensions Bills before that.
Meanwhile, Rajya Sabha Chairman Hamid Ansari called an all-party political meeting and has suggested members who rush into the well of the House be publically named.
India Infoline News Service / 08:49, Aug 22, 2014
The outlook is a positive start with indices set to take initial cues from the global markets. US indices closed higher with S&P 500 at a record high. The Dow and S&P 500 added around 0.3% while Nasdaq gained marginally.