Indian markets rose 0.6 percent in early trade on Monday, led by gains in index heavyweights Reliance Industries and ICICI Bank, with mostly positive Asian markets boosting investor sentiment.
At 9:16 a.m. (0346 GMT), the 30-share BSE index was up 0.57 percent at 18,370.44 points, with all but three of its components in the positive zone.
The 50-share NSE index was trading 0.55 percent higher at 5,506 points
Analysts said that pullback rally which began last Thursday may last only for a short time and markets may take cues from fourth quarter GDP data, and diesel and cooking gas price hike expected this week. If the government reports a higher GDP, it may cause Reserve Bank of India to continue its tightening cycle which will again weigh on the markets.
At 9:16 a.m. (0346 GMT), the 30-share BSE index was up 0.57 percent at 18,370.44 points, with all but three of its components in the positive zone.
The 50-share NSE index was trading 0.55 percent higher at 5,506 points
Analysts said that pullback rally which began last Thursday may last only for a short time and markets may take cues from fourth quarter GDP data, and diesel and cooking gas price hike expected this week. If the government reports a higher GDP, it may cause Reserve Bank of India to continue its tightening cycle which will again weigh on the markets.
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