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.
The CNX Midcap index is up by 1.1%.