Buoyed by a strong close on Wall Street overnight and the resultant surge in Asian markets this morning, stocks opened on a bright note on the Indian bourses today. Expectations that the finance minister will spell out some austerity measures to revive growth while unveiling the Union Budget today, too appear to be contributing to the smart upmove.
The BSE benchmark Sensex, which rose to 19,322.28 in opening trades, is now up 123.59 points or 0.65% at 19,276. The Nifty index of the National Stock Exchange is up 41 points or nearly 0.7% at 5837.90, off an early high of 5849.90.
Capital goods, PSU, realty and oil stocks are among the most prominent gainers in opening trades. Several stocks from automobile, metal, power and banking sectors too are trading firm. Select information technology and healthcare stocks have moved higher, while FMCG and consumer durables stocks are relatively subdued.