Mumbai: Markets have opened on a strong note and trading in positive terrain following cheerful global cues and buying interest in banking, technology, cement, capital goods and realty stocks. Market breadth is strong - 507 shares advanced while 40 shares declined on NSE.
Gainers were HCL Tech, TCS, Ambuja Cements, Infosys, Reliance Energy, HDFC Bank, Reliance Petro, Bharti, BHEL, Cipla, DLF, HUL, ICICI Bank, ABB, ACC and Satyam.
At 9.56 am, the Sensex was up 282 points at 16,526 and the Nifty up 74 points at 4,961. The CNX Midcap rose by 60 points at 6,619.
BSE Midcap and small cap indices were up more than 1.3 per cent. IT and TEck gained 2.5 per cent and 2 per cent, respectively. Bankex, Realty, Metal, Power, Oil & Gas, and Capital Goods indices up over 1.5 per cent each.
MindTree Consulting and Petronet LNG surged by 10 per cent and 3 per cent, respectively on strong earnings report.
Sonata Software and Rolta are going to report earnings during the day, stock up 8 per cent and 3 per cent, respectively.
Asian markets were trading higher. Japan's Nikkei advanced 2.33 per cent or 306.10 points at 13,452.23. Hong Kong's Hang Seng rose 1.69 per cent or 402.41 points at 24,280.76. Taiwan's Taiwan Weighted added 0.67 per cent or 60.09 points at 9,127.13. Singapore's Straits Times surged 1.80 per cent or 55.58 points at 3,143.07. South Korea's Seoul Composite gained 1.13 per cent or 19.87 points at 1,778.43.
Wall Street finished at their highs for the day as investors cheered the latest round of earnings, which included Intel and JP Morgan. Dow gained 256 points to close at 12,619. The Nasdaq shut 64 points higher at 2,350.
Comments
0 comment