Indian equities belled the week on a positive note in line with global peers.
Metal, oil and select capital goods, power segments edged higher this morning, while realty, pharma and IT went down.
BSE Midcap and Smallcap index gained 0.78% and 0.76% respectively as a host of stocks from these segments climbed on keen buying enquiries.
Asian stocks also gained led by higher commodity prices. US plans to shore up the world’s largest economy, a weaker yen boosted the positive sentiments.
Tokyo - Stocks opened higher Monday on Wall Street's Friday rises and a weaker yen.
The Nikkei 225 Stock Average went up 62.92 points, or 0.76 per cent, to 8,293.07.
The broader Topix index of all First Section issues was up 3.04 points, or 0.37 per cent, to 820.93.
On currency markets at 9 am (0000 GMT), the dollar was quoted at 91.19-24 yen, up from Friday's 5 pm quote of 90.29-32 yen. A weaker yen helps boost earnings of Japanese exporters and makes Japanese products cheaper overseas.
The benchmark indices Sensex and Nifty ended sharply positive on Friday (Jan 16) on the back of sustained buying action witnessed in index pivotals.
The uptrend was powered by oil & gas stocks followed by power, metal, PSU and bank stocks. Telecom stocks surged higher on sustained buying support. Capital goods stocks rallied.
Auto, IT and FMCG stocks got well after staying quiet till a little past mid afternoon. Pharmaceutical and consumer durables stocks zoomed during late trade, while realty stocks dropped.
Thanks to continued buying across board, the benchmark indices Sensex and Nifty have gained significant ground in the positive terrain and look strong on course to close the week on a bright note today (Friday, January 16).
Oil & gas and power stocks were in limelight while realty stocks traded weak.
Secondline stocks traded on a flat note with positive bias. BSE Midcap gained 0.45%, while Smallcap index fell 0.06%.
After witnessing a huge loss of over 300 points yesterday (Jan 15), Indian equities, today (Jan 16) opened the day positively after gaining 78.91 points at 9,125.65, as against its last closure in which it lost 323.75 points (3.45%).
Metal, oil & gas and banking stocks were in limelight.
A fair amount of buying was seen across midcap and smallcap segments. BSE Midcap and Smallcap index gained 0.96% and 0.62% respectively.