The stock markets traded higher early today, mirroring the positive sentiment in the Asian and world markets on hopes of a breakthrough in the US tax talks as well as encouraging US housing data.
At 9:16 a.m., the 30-share BSE Sensex was 0.68 per cent higher at 18,464.15, while the broader 50-share NSE Nifty rose 0.69 per cent, or 38.5 points, to 5,609.
The major Sensex gainers were Tata Motors (2.01 per cent), Dr Reddy's Laboratories (1 per cent) and HDFC (1.80 per cent), Jindal Steel (1.16 per cent), were among the Sensex gainers.
Bharti Airtel, however, fell nearly 0.3 per cent, paring gains from six consecutive sessions. The lackluster 2G spectrum auction last week had boosted telecom stocks and analysts’ outlook on the entire sector.
The rupee opened nearly 0.5 per cent higher. At 9:02 a.m., the Indian currency traded at 54.8 against the US dollar, up 26 paise, or 0.47 per cent, from yesterday’s close of 55.06.