Nifty opens higher, Sensex surges 100 points on positive macro data

Benchmark indices continued trading higher post positive macro data released by the govt on Friday. WPI for the month of April eased to a four-month low of 3.85% after the government revised the base year for the indices in the new series has shifted to 2011-12, against the earlier 2004-05. The March IIP also rose to 2.7% against 1.9% in Feb. But the gains remained capped after a cyber attack jolted the world as it infected thousands of computers in nearly 150 countries. A missile test by North Korea on Sunday also kept traders on edge.  Commodity Trading Tips

The indices registered yet another record high of 9450.65 last week but failed to keep the momentum going witnessing a profit booking-based decline on Friday. At 10:45 am, S&P BSE Sensex was trading 137 points higher at 30,325 while the broader Nifty50 was ruling at 9,444, up 43 points. Both indices also ended at new closing highs yesterday. Among broader markets, BSE Midcap index gained 0.5% whie the BSE smallcap was up 0.4% in early morning trade. Vedanta, Colgate-Palmolive, JK Tyre, Bata India and Kajaria Ceramics are some of the companies that are scheduled to report their March-quarter earnings on Monday. Nifty Trading Tips