MUMBAI: Key indices opened higher on Monday riding on positive cues from global shores buoyed by expectations from the US stimulus package.
Bombay Stock Exchange's 30-share Sensex rose 58 points or 0.42 to 9359. National Stock Exchange's benchmark Nifty climbed 13 points or 0.5 to 2856 from its previous close.
US stocks rallied for a second day on Friday on hopes Washington's stimulus package and a bank rescue plan will bolster the ailing economy, even as data showed the biggest one-month job losses in 34 years.
The Dow Jones Industrial Average rose 217.52 points, or 2.70%, to 8,280.59. The Standard & Poor's 500 Index gained 22.75 points, or 2.69%, to 868.60. The Nasdaq Composite Index was up 45.47 points, or 2.94%, at 1,591.71.
Asian stocks rose for a second day on expectations a surge in unemployment will push the US to expedite recovery plans, and after Japanese domestic machinery orders beat some economists' estimates. The Nikkei rose 0.5%, Topix climbed 0.2%, Hang Seng advanced 0.93% and China's CSI 300 surged 2%.
Back home, the National Stock Exchange will kick off the cross-margin facility across the cash and derivatives segments across all categories of market participants from Monday.
The facility will allow the market participants to see their overall position as a basket of cash and derivatives positions as against the existing practice of treating the cash & derivatives positions separately.
http://economictimes.indiatimes.com
Bombay Stock Exchange's 30-share Sensex rose 58 points or 0.42 to 9359. National Stock Exchange's benchmark Nifty climbed 13 points or 0.5 to 2856 from its previous close.
US stocks rallied for a second day on Friday on hopes Washington's stimulus package and a bank rescue plan will bolster the ailing economy, even as data showed the biggest one-month job losses in 34 years.
The Dow Jones Industrial Average rose 217.52 points, or 2.70%, to 8,280.59. The Standard & Poor's 500 Index gained 22.75 points, or 2.69%, to 868.60. The Nasdaq Composite Index was up 45.47 points, or 2.94%, at 1,591.71.
Asian stocks rose for a second day on expectations a surge in unemployment will push the US to expedite recovery plans, and after Japanese domestic machinery orders beat some economists' estimates. The Nikkei rose 0.5%, Topix climbed 0.2%, Hang Seng advanced 0.93% and China's CSI 300 surged 2%.
Back home, the National Stock Exchange will kick off the cross-margin facility across the cash and derivatives segments across all categories of market participants from Monday.
The facility will allow the market participants to see their overall position as a basket of cash and derivatives positions as against the existing practice of treating the cash & derivatives positions separately.
http://economictimes.indiatimes.com
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