After bond markets have calmed and Asian indices are trading higher, Indian indices are trading higher after massive rout of over 1900 points on the Sensex on Friday. At the open, Nifty was higher by 180 points at 14700, while Sensex was up 595 points.
In early trade, top Nifty gainers have been ONGC, UltraTech Cement, Power Grid, UPL, Tech Mahindra, while laggards include Bharti Airtel, Hindalco.
Reliance Industries Strategic Business Ventures Ltd (RSBVL), a wholly owned subsidiary of Reliance Industries Ltd (RIL), has acquired additional equity stake in its investee company skyTran Inc, the company announced on February 28. Shares shall be in focus after the deal.
Affle India will rally as the company is to set raise funds via QIP.
Auto stocks will also be in focus as the auto majors are due to announce their sales figure today.
Meanwhile,Asian indices at the time of writing this copy traded higher, with Nikkei up as much as 2 percent.