Markets extend morning gains; Nifty reclaims 9,100 mark

Benchmark indices extended morning gains with Nifty50 reclaiming the 9,100 mark following firm global cues as dollar bounced back from 4-month low. Hopes of timely implementation of goods and services tax (GST) also fueled some upside on Tuesday. At 10:47 am, the S&P BSE Sensex was trading at 29,427 up 190 points, while the broader Nifty50 was ruling at 9,106, up 61 points. The broader market were inline with the indiced with the S&P BSE Midcap up 0.7% while the S&P BSE Smallcap gained 0.8%. Commodity Trading Tips

"While volatility amidst negative bias dominated yesteray’s moves, bargain hunting resurfaced swing prices higher. However, that has not put the prices back into the upside trajectory, and to that end, yesterday’s moves could be re inacted again today, albeit on the positive side. Upside momentum is less expected to pick up unless above 9,200 or near 8,970 or below," said Geojit Financial Services in a note. Meanwhile, scripting its second biggest single-day gain this year, the rupee today gained 37 paise to close at a fresh 17-month high of 65.04 on Monday. This was the highest closing for the currency since October 28, 2015, when it had closed at 64.93. The forex and money market was closed today on account of Gudi Parwa. Astrology and Numerology Trading Tips