Sensex opens higher, Nifty reclaims 8750; 

SBI, TCS lead gainers SBI gained 2 percent after cabinet approved merger of five associate banks with the bank. State Bank of Bikaner and Jaipur, State Bank of Mysore and State Bank of Travancore rallied 6 percent eac Sean Darby of Jefferies says global equities are in a sweet spot with rising asset turnover and pricing power helping shares of the real economy while higher bond yields and firming input costs will weigh heavily on the bond proxies in 2017. As the China data demonstrates, it is better to be upstream rather than downstream, it feels. Value and earnings revisions styles still seem appealing. Turned modestly bearish on India since December 2016, Darby says. 9:25 am Oil Auction: State-owned refiners BPCL, HPCL and IOC alongside a company floated by directors of drugmaker Sun Pharma were declared as winners of the much-hyped small oil and gas field discovery auction. The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, approved award of 31 fields out of the 34 that had received bids.

 Bharat Petro Resources Ltd, a unit of Bharat Petroleum Corporation Ltd (BPCL), won as many as four of the fields while Hindustan Petroleum Corporation Ltd's subsidiary Prize Petroleum and Indian Oil Corporation (IOC) walked away with three each.Sun Petrochemicals Pvt, a privately-owned company formed by the directors of Sun Pharmaceuticals Industries Ltd, won the B-37 Cluster in Mumbai offshore, for which it was the sole bidder. It had bid for 6 out of the 46 fields that were auctioned last year.The 30-share BSE Sensex was up 48.32 points at 28203.88 and the 50-share NSE Nifty rose 14.25 points to 8738.95. SBI gained 2 percent after cabinet approved merger of five associate banks with the bank. State Bank of Bikaner and Jaipur, State Bank of Mysore and State Bank of Travancore rallied 6 percent each. TCS rose 1.71 percent as the board of directors will consider buyback of shares on February 20. 

 The dollar retreated from 1-month high as investors took profits after US data showed robust growth in retail sales and consumer prices in January. Asia markets traded mixed today, despite US gains as stocks closed at fresh highs for a fifth-straight day despite US overnight gains with Toshiba shares down anew. Wall Street pushed further into record-high territory on Wednesday, with the S&P 500 notching a seven-session winning streak, helped by a round of robust economic data and ongoing optimism that President Donald Trump will cut corporate taxes

Read more for HNI Stock Tips - http://bit.ly/ace_services