The Sensex is now up 130 points or 0.66% at 19,710.81. At 5988.50, slightly off a high of 5997.15 it touched a little while ago, the Nifty is now up 37.65 points or 0.63% from its previous closing mark.
Buoyed by the news that the U.S. policy makers agreed on a deal to avert a series of tax hikes and automatic spending cuts on Monday, the mood has turned quite bullish across the globe. Though there are concerns about near term economic outlook, investors appear to have shrugged off those worries for now.
Realty stocks are in demand once again. Power, bank, PSU, metal and capital goods stocks too are mostly up in positive territory in opening trades. Select automobile, oi and FMCG stocks have edged higher. Healthcare stocks are also trading mixed, while information technology stocks are slightly subdued.
BHEL, the top gainer in the Sensex at present, is up nearly 2.5%. Maruti Suzuki, Sterlite Industries, Hero Motocorp, Bharti Airtel, Hindalco, State Bank of India, NTPC, Jindal Steel & Power, ICICI Bank and Tata Motors are trading higher by 1% - 2%.