Markets Open Higher On Strong Global Cues

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The Sensex and the Nifty opened the day higher after strong global cues pushed benchmark indices across the globe higher.

Asian markets also opened the day higher in line with robust overnight closings in the US. The Sensex was trading higher by 109 points, while the Nifty was up 33 points in trade.

Markets Open Higher On Strong Global Cues
Leading the set of gainers from the Nifty were Dr Reddy's, Sesa Sterlite, Tata Motors, Hindalco, Axis Bank and Larsen and Toubro.

On the other hand Jindal Steel lost heavy ground in trade after reports that the government is likely to reject two bids of the company for coal blocks in Chattisgarh.

Shares in Amtek Auto lost ground after reports that the company is all set to acquire Scholz Edelstahl of Germany.

Sunil Hitech Engineers was trading sharply higher by almost 7 per cent after reports that the company bagged the Madhugiri-Chikkaballapura-Mulbagal road project worth Rs 122 crore.

Meanwhile, markets are expected to remain choppy ahead of the US Fed's key two day policy meet, which may hint at cutting interest rates in June.

The decision which is expected on Thursday in India will keep the markets choppy for the next two days.

Read more about: sensex, nifty
Story first published: Tuesday, March 17, 2015, 9:49 [IST]
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