Indian equities opened on a positive note on the back of optimistic global signals and Federal Reserve decision to buy up to $300 billion in long-term U.S. government bonds to boost the nation's economic system.
The stocks from consumer durables, banking and realty sectors were trading up with marginal gains.
Inflation numbers are set to release today.
BSE Midcap and Smallcap index gained 1.05% and 1.01% respectively.
Tokyo - Tokyo stocks rose upon opening Thursday after the Federal Reserve said it would buy more than 1 trillion dollars in bonds, but they ended the morning session lower as the US central bank's move caused the dollar to fall against the yen, hitting exporters' shares.
The benchmark Nikkei 225 Stock Average temporarily rose above 8,000 before falling 49.28 points, or 0.62 per cent, to 7,922.89.
The broader Topix index of all first-section issues also dropped 0.9 points, or 0.12 per cent, to 763.77.
After belling the day on a strong note at 8,956.30, up 92.48 points, the Sensex keep on extending its gains on the back of steady buying in metal, banking and realty stocks.
Buying interest has emerged across the board with realty, metal and banking stocks leading the gains.
BSE Midcap and Smallcap index gained 2.63% and 2.16% respectively.
After rallying for three successive days, the Sensex, on Tuesday (Mar 17), ended the day on a negative note followed by banking, IT and oil & gas stocks.
Among the BSE Sectoral indices BSE IT index remained the top loser, the index declined 2%. Among the other major losers were BSE Bankex index (down 1.6%), BSE Oil & Gas index (down 1.3%) and BSE Teck index (down 1.2%).
After opening at 8,942.01, down 1.53 points, BSE Sensex remained lackluster all through the day. It also hit a high of 9,024.12.
New York - US stocks rose Tuesday as the construction of new homes in the United States unexpectedly surged in February and investors speculated about Federal Reserve efforts to bolster the economy.
Privately owned housing starts in February were 583,000 at an annual rate, up 22 per cent from January but still down 47.3 per cent from the same month in 2008, the Commerce Department said. Economists had expected a further monthly decline to 450,000 last month, according to a Bloomberg News survey.