Markets trade higher; Sensex up 200 points

Indian Indices:

The key domestic benchmark indices opened higher in the morning trading session tracking a positive trend across markets in Asia as mixed US economic data eased fears over an imminent Federal Reserve interest rate hike, bolstering risk taking appetite. Slow and steady pace of US policy tightening may ensure continued capital flows into emerging markets such as India.

Shares of Havells India, Mastek and Hindustan Zinc will be in focus as the companies reveal their September quarter earnings.

At 10.08 am, the Bombay Stock Exchange bellwether Sensex was at 27734.96 up by 204.14 points or by 0.75%, while the NSE Nifty was at 8581, trading higher by 61.20 points or by 0.71%.

Global Market:

On the global front, Asian stocks were trading higher today on hopes that US monetary policy will continue to remain accommodative. US stocks closed lower in the previous trading session as investors assessed mixed US economic data and quarterly earnings from the likes of Bank of America.

 Trend in FII flows: The FIIs were net buyers of Rs 456.64 Cr in the cash segment on Monday  while the DIIs were net sellers of Rs 235.57 Cr, as per the provisional figures.

UPCOMING RESULTS: HAVELLS, CANFIN HOME, MASTEK.