Sensex opens 300 points higher; Nifty reclaims 8,000

Markets opened higher on firm global cues with metals, oil and gas shares leading the gains

At 09:16AM, the 30-share Sensex was up 325 points at 26,555 and the 50-share Nifty was up 103 points at 8,053   Himanshu Tiwari Astrologer Blog

Markets are likely to begin the first day of the September series on a firm note tracking gains in the global peers on the back of strong US GDP data indicating that the economy grew faster than initially thought in the second quarter. 

Movement of rupee and crude oil are likely to dictate the trend on the bourses during the session

GLOBAL MARKET

Asian shares extended a global rally on Friday after firm US economic data cheered the mood of the investors, with Chinese stocks rising for the second day following a shaky start to the week.

China's Shanghai Composite index rose 2% while Hong Kong Hang Seng index gained 0.4% and Japapn’s Nikkei gained 2.7%.        Indian Stock Market  Astrology Prediction

Wall Street rose overnight on the back of revised US gross domestic product data indicating the economy grew faster than initially thought in the second quarter. Dow Jones surged 2.3% and Nasdaq Composite gained 2.5%.