Mumbai, India (BBN)-The Nifty and the Sensex opened and traded flat to positive following positive global cues.
The Nifty opened 23 points up at 8,499, while the Sensex opened 87 points up at 27,463, reports The Hindu Business Line.
A report by SMC Global said: “Asian stocks rallied following strong overnight cues from the Wall Street as stocks in Asia joined a global equities rally as corporate results reignited investors’ optimism in economic growth. The European and US markets were up.
US indices surged the most in three weeks on Tuesday driven by robust corporate earnings and investors welcomed US President Donald Trump’s eagerness to deliver on his campaign promises.
Sales of previously owned homes in US slipped in December, hurt by a lack of available homes.
The decline, which was slightly more than economists had predicted, took the figure off a multi-year high reached in the previous month.
The National Association of Realtors said existing home sales fell 2.8 per cent in December to reach an annual pace of 5.49 million units.
November’s pace was revised slightly higher, to 5.65 million units.”
Barring Nifty PSU Bank, all the broader and sectoral indices were trading in the green.
Volatility was down 2.19 per cent with the India Vix quoting at 14.9500.