Home / Market Beat / Nifty higher as Crude jumps.

Nifty higher as Crude jumps.

Markets have begun trading in the green, taking strong support from the other Asian peers, which are also trading higher. The benchmark crude oil has seen trades above $100 per barrel while the dollar has fell against the euro and the yen.

Back home, at 9:30 AM, the Nifty is at 4702, up by 66 pts or 1.4% higher.

All the metal counters have seen surges, after the global rise in the commodity space. Coal India is up by over 3% and is trading at 321.70. Sterlite has seen a rise of over 1.6%. Tata steel is up by close to 2%. Hindalco has shot up by over 2%. So is Jindalsteel, trading at 470.60.

Tata motors, from the auto sector, has surged over 2%. Maruti is up by 1%.

Reliance capital is up by 2%. ICICI Bank is firmly trading above the 700 mark with 1.9% gains. SBI has also gained 1.7%.

The CNX Midcap index is up by 1.1%.

Suzlon energy is up by 2.5%. Punjlloyd has shot up by over 4%. Educomp is up by 3%. HDIL is also up by 3%.

Sugar stocks Bajaj Hindustan and Renuka sugars, have also gained over 2% each.



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