Equities opened on a firm note on the major Indian bourses today, following positive global sentiment ahead of January F&O expiry series.
Realty and banking stocks were among the most prominent gainers during the early trade. Metal, auto, capital goods and IT stocks have also recorded sharp gains.
Buying remained stock specific in FMCG and pharma stocks, while power and oil stocks remained subdued.
Tokyo - Tokyo stocks ended Thursday morning trading up, following positive signals from Wall Street and the yen's weakening against the dollar.
The benchmark Nikkei 225 Stock Average was up 134.28 points, or 1.66 per cent, to 8,240.57 at mid-trading, while the broader Topix index of all first section issues also rose 12.51 points, or 1.56 per cent, to 816.84.
On currency markets at 9 am (0000 GMT), the dollar was quoted at 90.27-37 yen, down from Tuesday's 5 pm quote of 89.15-18 yen.
New York - US stocks surged Wednesday as the Federal Reserve kept its key interest rate at a record low and on hopes for an economic stimulus package, as well as government plans for a "bad bank" to absorb toxic investments.
Citigroup Inc and Bank of America Corp surged more than 13 per cent after reports that President Barack Obama could announce the creation of a so-called "bad bank," which would take the troubled mortgage assets off the balance sheets of banks and place them in a new government-backed entity.
Tokyo - Tokyo ended Wednesday trading mixed after strong gains the previous day as investors retreated on concerns over dire earnings forecasts by leading Japanese companies.
The benchmark Nikkei 225 Stock Average was up 45.22 points, or 0.56 per cent, to 8,106.29 after posting losses earlier in the day.
Most investors had accepted that the outlook for the upcoming earnings reports of Japanese companies for the business year running through March was dire, traders said.
The Sensex continued to trade in the positive terrain on account of continued buying action witnessed across frontline stocks.
Auto, banking, FMCG, oil & gas stocks were the major gainers, while consumer durables went down. BSE Midcap and Smallcap index gained 0.48% and 0.68% respectively.
Indian stock market belled the day positively at 9,077.65 after gaining 73.57 points as against its last closure on Tuesday.