Share Market in India opened higher, after a bad Friday, buoyed by gains on Wall Street and helped by all-round purchases from foreign funds.
Domestic sentiment was also boosted with the improving mood in other Asian markets. Most Asian markets, which were trading mixed, had moved into positive territory.
Information technology stocks remain somewhat subdued even as stocks from other sectors are having a nice ride up the charts today.Banking shares rose on hopes that demand for loans will increase during the Indian festival season, which got under way last week.
The buying activity also picked up in capital goods and refinery stocks. Marketmen said the current rally was supported by metal, refinery and capital goods stocks besides a major gain in Reliance pack of stocks belonging to both Ambani brothers.
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