Global headwinds are from the rising dollar index at 103.23 and spiking U.S. bond yields, he said. Consequently, FIIs are selling, taking their cash market sell figure in August, till 15th, to Rs 9,867 crore.
Bouncing back from a three-day decline, the 30-share BSE Sensex climbed 300.1 points to 65,540.78 in early trade. The NSE Nifty advanced 105.9 points to 19,487.55.
V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said "The resilience of the mother market US, where the rally is spreading to the broader market, is supporting global markets."
Indices are expected to stay in the positive territory after the US Federal Reserve's move on interest rate hike came in on expected lines, traders said.