The S&P BSE Sensex is trading at 23,295 up 308 points, while NSE Nifty is trading at 7,072 up 101 points.
The BSE Mid-cap Index is trading up 1.90% at 9,797, whereas BSE Small-cap Index is trading up 1.81% at 9,857.
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Global cues are supporting the cause with Asian markets mostly higher except for China which has lost weight as its market resumed after the week-long Lunar New Year holiday. There is no basis for sustained yuan weakness thanks to China’s large current account surplus and China has no intention to boost net exports through a large devaluation of yuan, Zhou Xiaochuan, the People’s Bank of China‘s long-time Governor told Chinese financial magazine Caixi.
Mic Electronics and RKB Agro Industries will consider allotment of convertible equity shares today while DCB Bank and Kesoram Industries will consider raising of funds.