Categories: Business

MARKET LIVE: Sensex gains 100 pts in pre-open, Nifty tops 15,700

: A pullback rally is on the cards for Dalal Street as it looks to resume trade after a one-day gap, thanks to a rally in US equities over the last two days.

On Wednesday, Dow Jones Industrial Average rose 0.83%, the S&P 500 gained 0.82% and the Nasdaq Composite added 0.92%.

Along expected lines, Asian peers followed suit, tracking the optimism in US stocks. Australia’s S&P/ASX 200 index rose 0.9%, South Korea’s Kospi index increased 0.9% while Japan was closed for a holiday. S&P 500 and Nasdaq futures also traded firm.

Amid this setup, was trading 105 points higher at 15,737 around 7.40 am. Volatility in trade is likely on account of stock-specific moves amid quarterly earnings and weekly derivatives expiry.  

Earnings today

Forty-four companies including Hindustan Unilever, Bajaj Auto, Ultratech Cement, Biocon, Hindustan Zinc, IIFL Securities, IndiaMART InterMESH and Wockhardt will release their quarterly earnings today. 

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nand verma

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