Mkts open on firm note on strong global cues

New Delhi:

At 9:56 am, Sensex was up 354 points at 19293 and Nifty was up 96 points at 5714. Major gainers in the opening trade were SAIL, NTPC, Infosys, RIL, Maruti, Wipro, SBI, REL, ACC, ITC, M&M and Satyam. However, Bajaj Auto, HUL and Ambuja Cement were weak in the early trade.

Asian markets were trading firm. Hong Kong's Hang Seng surged 3.32 per cent or 908.71 points at 28,279.95, Japan's Nikkei rose 2.38 per cent or 361.02 points at 15,514.80, Taiwan's Taiwan Weighted gained two per cent or 165.88 points at 8,442.14, Singapore's Straits Times advanced 2.51 per cent or 84.62 points at 3,454.34 and South Korea's Seoul Composite was up 2.59 per cent or 47.45 points at 1,882.14.

US markets: The Dow gained 331.01 points, or 2.55 per cent, to 13,289.45. The broader Standard & Poor’s 500 index surged 40.79 points, or 2.86 per cent, to 1,469.02 and The Nasdaq composite index shot up 82.11 points, or 3.18 per cent, to 2,662.91.

Market cues:

• NSE F&O Nov series expiry on Thursday.
• Global markets surge on hopes of Fed rate cut in December.
• FIIs net sell $65 million in equity on November 27.
• MFs net buy Rs 128 crore in equity on November 27.
• NSE F&O Open Interest up by Rs 817 crore at Rs 1,10,777 crore.

(With moneycontrol.com inputs)