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Benchmark indices opened on a firm note on Monday following positive trading in Asian markets. The gains were seen as top central banks remaining tight-lipped on future rate trajectory, their defending of post crisis financial regulation at Jackson Hole meet this past week signaled slower-than-expected unwinding of stimulus programs.
the BSE Sensex was trading 116.90 points or 0.37 per cent, higher at 31,712.96.
Nifty50 reclaimed 9,900 level and was trading 29.55 points or 0.30 per cent, higher at 9,886.60. The index hit a high of 9,907.95 in early trade.
"Given the recent downgrade in earnings expectations, the current overall valuations seem to be stretched from short term perspective
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