Stock Market Today: On account of strong US corporate earnings that fuelled Wall Street yesterday, Indian indices opened in the green zone in early morning trade. The BSE Sensex soared 472 points and hit 31,916 levels while the NSE Nifty shot up 136 points at 9,336 levels. Metal, energy, telecom and banking stocks were among the major gainers in the opening bell trade session.

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Speaking on the current market scenario Prakash Pandey, MD & CEO at Plutus Advisors said, "Global markets including Indian indices are following Wall Street. This rise is because of the strong corpoate earning reported in the US yesterday that fuelled Wall Street and other global indices. Currently, Nifty is trading in the broader range of 8,900 to 9,350. Once it sustains above 9,350 then we can expect it to further rise for around 100-150 points."

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Shares of Reliance Industries, SBI, HUL, Tata Motors, Axis Bank, ICICI Bank, HDFC Bank, IndusInd Bank, Bajaja Finance and RBL Bank were among the most trending stocks in the opening bell trade session while shares of HUL, HCL Tech, Asian Paints, HDFC Bank and ICICI Bank were among the most active stocks in the intraday trade session.

Banking stocks led the bull run on Dalal Street as the BSE Banking index shot up over 2 per cent in the opening bell trade session. Banking major IndusInd Bank share price surged 3.85 per cent, Kotak Mahindra Bank shares rose 2.79 pe cent, shares of ICICI Bank scaled up 2.26 per cent, Axis Bank stock price escalated 2.19 per cent, RBL stocks added 1.55 per cent while State Bank of India or SBI shares rose 1.26 pe cent.

Metal stocks also witnessed some fresh buying in the early morning trade session. Metal major Hindalco Industries share price soared 2.76 per cent, Jindal Steel & Power rose 2.70 per cent, shares of Tata Steel added 2.23 per cent, Vedanta stocks went up 1.97 per cent, Steel Authority of India Ltd or SAIL stocks rose 1.76 per cent while National Aluminium Company or NALCO stock price rose nea 1 per cent.

Among the Asian indices, the Japanese Nikkei rose 2.04 pe cent, South Korean Kospi went up 1.18 pe cent, Hang Seng soared 0.92 per cent while Shanghai market added 0.98 per cent.

At Wall Street yesterday, Dow 30 index shot up 0.89 per cent, Nasdaq surged 1.41 per cent, S&P 500 scaled up 1.15 per cent while SmallCap 2000 rose 1.56 per cent.