Asian equity markets are higher today as Japanese and Hong Kong shares show gains. The Nikkei 225 is up 1.33% while the Hang Seng is up 0.10%. The Shanghai Composite is trading up by 0.05%. Stock markets in the US finished their previous session marginally higher.
Meanwhile, Indian share markets have opened the day on a positive note tracking global cues and as exit polls show the ruling Bharatiya Janata Party winning in the Uttar Pradesh assembly elections. The BSE Sensex is trading higher by 115 points while the NSE Nifty is trading higher by 39 points. The BSE Mid Cap index and BSE Small Cap index both have opened the day up by 0.4% & 0.5% respectively.
Sectoral indices have opened the day in green with consumer durables stocks and information technology sectorleading the pack of gainers. The rupee is trading at 66.77 to the US$.
Oil & gas stocks have opened the day on a mixed note with Chennai Petroleum and Gujarat State Petronet being the most active stocks in this space. According to an article in a leading financial daily, ONGC's arm, OPaL (ONGC Petro Additions) has started exports to Singapore from its Dahej plant.
ONGC share price opened down by 0.3% while Oil India share price opened the day up by 0.6%.
Moving on to the news from stocks in power sector. Tata Power share price opened the day on an optimistic note after it was reported that Tata Power's arm Tata Power Delhi Distribution Ltd has joined hands with telecom equipment maker Nokia for modernising electrical grids with advanced communications network.
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