Indian Market:
Sensex was trying to hold 100 points gains on the back of consistent buying in metal, financial, realty, Anil Dhirubhai Ambani Group (ADAG), capital goods, healthcare and auto companies' shares.
Bank index was at 13,482.66, up by 477.19 points or by 3.67%. Consumer Durables index was at 6,413.01, up by 293.59 points or by 4.80%, Metal index was at 17,927.28, up by 867.40 points or by 5.08%.
There has been no disruption in the sale and exports of oil to India in recent days," said Ahmad Qalebani, the head of state National Iranian Oil Company (NIOC).
Global Cues:
Asian stock markets opened higher on the first trading day of the New Year amid signs China's efforts to cool its economy are working and ahead of a report this week that is expected to show the labor market improving in the world's biggest economy. The key benchmark indices in Hong Kong, Indonesia, Singapore, South Korea and Taiwan rose by between 0.38% to 1.11%. Mainland Chinese markets were closed for a holiday.
China's inflation may cool after manufacturing growth slowed in December because of a tighter monetary policy and the closure of energy-wasting and highly polluting factories.
Foreign investors overwhelmingly ranked the US commercial real estate market as their No 1 choice for investment this year and viewed it as the best opportunity for price appreciation, according to a survey of foreign real estate investors.
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