Markets remain firm; Bajaj Auto, Tata Steel shares advance 21/09/2016 10:28

Markets remain firm; Bajaj Auto, Tata Steel shares advance
21/09/2016 10:28

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The key domestic benchmark indices were trading in a positive terrain in the morning trading session as traders got some support with global rating agency Moody’s statement that it could upgrade India's rating in 1-2 years if it is convinced that reforms were 'tangible', though it has called the reform process slow and gradual with muted private investment and NPAs posing a challenge.

The investor’s focus will be on the US Federal Reserve with the central bank slated to unveil monetary policy review later in the day.

At 10:20 AM, the Bombay Stock Exchange bellwether Sensex was at 28612.69 up by 89.49 points or by 0.31 per cent, while the NSE Nifty was at 8805.75 points, trading higher by 29.85 points or by 0.34 per cent.

On the global front, Asian stocks were trading lower today as investors awaited Wednesday’s policy statements from the Bank of Japan and the Federal Reserve. US stocks closed higher in the previous trading session as traders appeared to put last week's jitters behind ahead of looming decisions from major central banks.