Sensex rises 100 points, Nifty reclaims 9,650; Asian markets trade weak

The benchmark indices rose higher on Thursday even as Asian markets remained tentative after minutes from the Federal Reserve's last meeting showed a lack of consensus on the future pace of interest rate increases, while oil prices inched higher following the previous day's steep declines. At 9:51 am, the S&P BSE Sensex was trading at 31,360, up 115 points, while the broader Nifty50 was ruling at 9,666, up 29 points. In the broader market, the S&P BSE Midcap and the S&P BSE Smallcap indices gained 0.6% each. 

"The internal trendline that pierces through 9,640, did hold for most of the day, but downsides were limited and the bias was tilted on the positive side, pointing at the possibilities of a push higher today. Risk to downsides will increase if the index remains unable to float above 9,640 and on fall below 9,580," said brokerage Geojit Financial Services in a technical note. Future & Option Trading Tips