MARKET LIVE: Sensex jumps 400 points in pre-open trade; Nifty nears 17,500

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Live market updates: After a tepid start to the week, the are likely to open on a positive note this morning mirroring the global cues and lower inflation (CPI) numbers back home. On Monday, the languished in red, but recouped losses in the second half of the day. The Sensex eventually ended 127 points lower at 58,175, and the Nifty slipped 14 points to 17,355.

The US ended mostly in green on Monday amid sector specific buying action. The Dow Jones gained 0.76 per cent and the S&P 500 index was up 0.2 per cent. The Nasdaq, however, ended a tad in red, down 0.1 per cent. Tonight, the US markets will look for cues from the Core CPI data.

Among the Asian peers – Japan’s Nikkei is up nearly a per cent, and Straits Time is up 0.3 per cent. On the other hand, Hang Seng and Shanghai Composite have slipped in early trade, down over 0.5 per cent each.

At 08:10 am, the had gained 45 points at 17,407, thus indicating a positive opening for our markets.

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