GLOBAL MARKETS ROUNDUP
The domestic equity market opened higher on Thursday, following buoyancy seen in markets across Asia. The BSE benchmark Sensex jumped 191 points, or 0.72 per cent, to 26781.40 in early trade, thanks to buying seen in index heavyweights such as Tata Motors, HDFC Bank and Infosys.The market has opened on higher terrain. The Sensex is up 177.15 points or 0.7 percent at 26767.74 and the Nifty is up 47.30 points or 0.59% at 8108.00. About 460 shares have advanced, 76 shares declined, and 22 shares are unchanged.
INDIAN ADR’S NEWS
• Indian ADRs ended mostly higher on Tuesday.
• In the IT space, Infosys was up 0.09 percent at USD 18.35.
• Wipro was down 0.01 percent at USD 12.37.
• In the banking space, ICICI Bank shed 0.16 percent at USD 8.58.
• HDFC Bank gained 0.55 percent at USD 61.83.
• In the other sectors, Tata Motors added 0.30 percent at USD 29.88.
• Dr Reddy’s Laboratories gained 0.26 percent at USD 66.31.
The rupee will also be in focus after it declined by 5 paise to close at one-month low of 65.64 against the US dollar on Tuesday. It pulled back to 65.53 in early trade today.Asian shares rose on Wednesday, taking early cues from overnight Wall Street gains. Japan's Nikkei was up 2.4 per cent while China's Shanghai Composite rose 1.9 per cent.Asian stocks rallied early due to positive lead from Wall Street, stellar debut from Japan Post's units fueled risk appetite in the region and firmer crude oil prices. Overnight, a fifth straight day of gains for energy counters alongside a rise in tech majors helped propel major US averages.
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