Sensex was up 60 points at 17,156 and NSE Nifty was up 13 points at 5,119.
Indian markets have opened with smart gains on Tuesday inline with the US markets. However, the Asian markets are trading mixed. The BSE Pharma index was the top gainer, adding 0.8%, followed by Metal and Realty index gaining 0.5% each.
Among the 30 components of Sensex, 22 were in the positive terrain and only 8 were in the red. L&T, Reliance Industries, Tata Steel, HDFC and M&M were among the major gainers. On the other hand, BHEL, SBI, Wipro and ONGC were among the major laggards.
At 10:07 am (IST), the BSE 30-share Sensex was up 60 points at 17,156 and NSE Nifty was up 13 points at 5,119.
On Wall Street, US stocks gained on Monday, with the three leading indexes closing at 14-month highs, after Citigroup said that it will pay back government bailout funds and Dubai received $10 billion to cover its debt, easing worries that the Gulf emirate might default on billions of dollars in debt.
A weak dollar also helped, lifting commodity shares and the stocks of companies that do a lot of business overseas.
The Dow Jones Industrial Average rose 30 points, or 0.3%, closing at the highest point since Oct. 1, 2008. The S&P 500 index gained 8 points, or 0.7%, closing at the highest point since Oct. 2, 2008. The Nasdaq Composite rose 22 points, or 1%, closing at the highest point since Sept. 19, 2008.
European shares jumped, with banks advancing after debt-laden Dubai managed to obtain $10 billion in financing and stave off a potential bond default. The Dow Jones Stoxx 600 index rose 0.8% to 247.04, marking the third straight session of gains for the pan-European benchmark.
The UK FTSE 100 index climbed 1% to 5,315.34, the German DAX index rose 0.8% to 5,802.26 and the French CAC-40 index advanced 0.7% to 3,830.44.
Among the 30 components of Sensex, 22 were in the positive terrain and only 8 were in the red. L&T, Reliance Industries, Tata Steel, HDFC and M&M were among the major gainers. On the other hand, BHEL, SBI, Wipro and ONGC were among the major laggards.
At 10:07 am (IST), the BSE 30-share Sensex was up 60 points at 17,156 and NSE Nifty was up 13 points at 5,119.
On Wall Street, US stocks gained on Monday, with the three leading indexes closing at 14-month highs, after Citigroup said that it will pay back government bailout funds and Dubai received $10 billion to cover its debt, easing worries that the Gulf emirate might default on billions of dollars in debt.
A weak dollar also helped, lifting commodity shares and the stocks of companies that do a lot of business overseas.
The Dow Jones Industrial Average rose 30 points, or 0.3%, closing at the highest point since Oct. 1, 2008. The S&P 500 index gained 8 points, or 0.7%, closing at the highest point since Oct. 2, 2008. The Nasdaq Composite rose 22 points, or 1%, closing at the highest point since Sept. 19, 2008.
European shares jumped, with banks advancing after debt-laden Dubai managed to obtain $10 billion in financing and stave off a potential bond default. The Dow Jones Stoxx 600 index rose 0.8% to 247.04, marking the third straight session of gains for the pan-European benchmark.
The UK FTSE 100 index climbed 1% to 5,315.34, the German DAX index rose 0.8% to 5,802.26 and the French CAC-40 index advanced 0.7% to 3,830.44.
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