Mumbai, India (BBN)-Positive global cues saw the Nifty and the Sensex open and trade in the green.
The Nifty opened 39 points up at 8,328, while the Sensex opened 78 points up at 26,978, reports The Hindu Business Line.
A report by SMC Global said: “India’s auto sales saw their biggest monthly fall in 16 years in December due to demonetisation drive.
Asian stocks opened higher following a surge in metal stocks after evidence of quickening price growth in China boosted metals and other commodities.
Crude oil prices dropped to a one-month low.
European stock markets, which had opened broadly lower, closed the day on a firmer note, while Wall Street shares closed mixed.
US stocks have risen in the last two months in anticipation of easier fiscal policy based on Trump’s campaign promises of increased infrastructure spending and tax cuts.
Hiring increased for the month of November in the US, indicating a steady growth in the jobs market, according to data from the US Labor Department.
The number of positions waiting to be filled rose 71,000 to 5.52 million which was in line with the forecast of 5.5 million.
While hiring increased to 5.22 million from 5.16 million, the rate of hiring remained unchanged at 3.6 per cent.”
All the broader and sectoral indices were trading in the green. Volatility was down 2.99 per cent with the India Vix quoting at 14.7400.