Mumbai, March 13 (IANS) A benchmark index for Indian markets Tuesday noon continued to hold on to morning gains even as traders awaited some positive announcement from the budget scheduled later this week.
Another event that is being eyed is the Reserve Bank of India’s review of the monetary policy Thursday.
The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE) opened at 17,680.23 points and was ruling at 17,790.91 at 12.06 p.m., 203.24 points or 1.16 percent compared to its previous close at 17,587.67 points.
The 50-scrip S&P CNX Nifty of the National Stock Exchange was similarly ruling higher at 5,422.05 points, up 62.5 points or 1.17 percent from its previous close.
Broader markets were in the green with the BSE 500 index trading 1.13 percent higher. The BSE midcap index was trading 1.04 percent higher while the BSE smallcap index was up 0.84 percent.
Metals, realty and power stocks were the major gainers at this time. All 13 sectoral indices on the BSE were in the green.
The market breadth was positive with 1,619 stocks advancing, 978 on the decline and 136 remaining unchanged.
Asian markets were trading higher with investors expecting the final go-ahead for Greece’s second bailout soon, while they also had their eyes on key central bank meetings in Japan and the United States.
The Japanese Nikkei closed flat at 9,899.08 points, while Hong Kong’s index was trading 1.13 percent up at 21,372.86 points.
The Chinese Shanghai Composite index was ruling 0.58 percent up at 2,448.87 points.