Market Live: Sensex opens up 100 pts, Nifty above 10,400 on global cues; metals shine
Benchmark indices opened higher, following positive lead from global stocks after China's comments on free trade.
The 30-share BSE Sensex was up 111.20 points at 33,899.74 and the 50-share NSE Nifty gained 36.60 points at 10,416.
Hindalco, NALCO and Vedanta rallied up to 5 percent after comments from China.
Yes Bank, Axis Bank, Kotak Mahindra Bank, ICICI Bank, Tata Steel, Tata Motors and Cipla gained up to 1.6 percent.
Nifty Midcap index was up half a percent.
Dhampur Sugar, Balrampur Chini, Globus Spirits, Suzlon, Alembic, Max Financial, Gravita, Ipca Labs, GVK Power and Alok Industries rallied up to 6 percent.
Bhushan Steel, Apollo Tyres and Suven Life was down 1 percent.
Asian markets advanced further as investors digested comments from Chinese President Xi Jinping on measures planned to further open up the Chinese economy. Japan's Nikkei and Hong Kong's Hang Seng gained 1 percent each while China's Shanghai Composite and Australia's ASX 200 were up 0.8 percent each.
US stocks closed well off their session highs on Monday. The Dow Jones industrial average rose 46.34 points to 23,979.10. The S&P 500 gained 0.3 percent to close at 2,613.16 while the Nasdaq composite advanced 0.5 percent to 6,950.34.