Chennai, India (BBN) – The benchmark BSE index Sensex jumped over 100 points and the NSE index Nifty reclaimed 10,300 in the opening trade.
At 9.15 a.m., the 30-share BSE index Sensex was up 78.38 points at 33,438.28 and the 50-share NSE index Nifty was up 33.45 points at 10,332.20, reports The Hindu Business Line.
The rupee was trading at 65.09 against the dollar in early trade.
Asian stocks edged higher as investors took heart from further evidence of strength in the global economy, while the dollar hovered near a one-week high against its peers thanks to higher US yields and a floundering euro.
Gains on Wall Street overnight also helped MSCI’s broadest index of Asia-Pacific shares outside Japan rise 0.5 per cent and back towards a decade-high struck earlier this month.
US stocks rose on Monday, with Verizon boosting the telecoms sector after the stock got an upgrade, while a deal in semiconductors lifted high-performing tech shares.
The Dow Jones Industrial Average .DJI rose 72.09 points or 0.31 per cent to 23,430.33, the S&P 500 gained 3.29 points or 0.13 per cent to 2,582.14 and the Nasdaq Composite added 7.92 points or 0.12 per cent to 6,790.71.