Indian markets moved higher in early trade today with Sensex rising over 200 points while Nifty crossing the 10,750 mark. Financials led the gainers with SBI and HDFC rising nearly 2 per cent. Macro-economic data points, coupled with fourth quarter (Q4) earning results, are expected to influence the Indian equity markets during this week. According to market observers, the US Fed’s open market committee meet along with the trajectory of global crude oil prices and the rupee’s movement against the US dollar can trigger volatility during the week’s trade sessions. "The earnings momentum would again be critical since HDFC, Kotak Bank and Dabur will be releasing their numbers. For PSU and other banks, the key question is whether the peak in NPA (non-performing assets) reporting cycle is near," said Devendra Nevgi, Founder and Principal Partner, Delta Global Partners.
Sensex Rises Over 200 Points, Nifty Crosses 10,750; SBI, HDFC Among Top Gainers
