The market started the day on a firm note after the Finance Minister, "Arun Jaitley" on Saturday promised to lower corporate taxes and faster infrastructural growth.
Trading in stock market would also be influenced by investment trend by overseas investors, movement of rupee against the dollar and oil price. Stock markets would remain close on Friday for Holi.
Axis Bank and Larsen & Toubro are the major movers. The duo have contributed for a gain of 88 points for the BSE index.
Similarly, the NSE Nifty opened with a gain of 52 points at 8,954. So far, the NSE index has touched a high of 8,969 and now is up 67 points at 8,969.
On the other hand, the FMCG index has dropped 1.2 per cent. The Consumer Durables index has slipped 0.6 per cent. The IT and the Metal indices are trading marginally in red.
The market breadth is positive in the morning deals. Out of 1,668 stocks have traded on the BSE - 1,087 stocks have advanced, while 531 stocks have declined.
Larsen & Toubro has jumped 2.7 per cent at Rs 1,814. HDFC Bank and BHEL have surged over 2 per cent each at Rs 1,096 and Rs 268, respectively.
Asian stocks edged higher on Monday as China's week-end interest rate
cut partially offset soft US data, while the dollar hit a five-week high
against the euro. Trading in stock market would also be influenced by investment trend by overseas investors, movement of rupee against the dollar and oil price. Stock markets would remain close on Friday for Holi.
Axis Bank and Larsen & Toubro are the major movers. The duo have contributed for a gain of 88 points for the BSE index.
Similarly, the NSE Nifty opened with a gain of 52 points at 8,954. So far, the NSE index has touched a high of 8,969 and now is up 67 points at 8,969.
On the other hand, the FMCG index has dropped 1.2 per cent. The Consumer Durables index has slipped 0.6 per cent. The IT and the Metal indices are trading marginally in red.
The market breadth is positive in the morning deals. Out of 1,668 stocks have traded on the BSE - 1,087 stocks have advanced, while 531 stocks have declined.
Larsen & Toubro has jumped 2.7 per cent at Rs 1,814. HDFC Bank and BHEL have surged over 2 per cent each at Rs 1,096 and Rs 268, respectively.
On the other hand, ITC is the top Sensex loser - down 2.5 per cent at Rs 352 after the FM proposed to increase excise duty on cigarettes to 25 per cent for under 65 mm category, and 15 per cent for other categories.
Gail India has slipped 1.4 per cent at Rs 408. TCS, Wipro, Tata Power and Sesa Sterlite are the notable losers.
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