Stocks opened on a firm note on the Indian bourses this morning with investors tracking positive global cues and indulging in some brisk buying in early trades.
The overnight positive close on Wall Street amid renewed hopes the U.S. government will fix the fiscal cliff, set up a steady start for most of the markets in the Asian region this morning.
With the Reserve Bank of India set to announce its moentary policy today, the mood is slightly cautious at present. Among rate sensitives, stocks from the banking space are a bit subdued, even as those from realty and automobile sectors are finding some support.
Consumer durables, capital goods and power stocks are among the notable gainers. A few stocks from metal sector have also moved up smartly. Oil, information technology, FMCG and healthcare stocks are trading mixed.
The BSE benchmark Sensex, which rose to 19,330.60 after opening nearly 50 points up 19,293, is currently up 66.40 points or 0.35% at 19,310.82. The Nifty index of the National Stock Exchange is up 17.80 points or 0.3% at 5875.70.
Sun Pharmaceutical Industries shares are up 1.6% at Rs 731 following a wholly-owned subsidiary of the company entered into a definitive agreement with Takeda Pharmaceuticals USA to acquire Takeda's URL Pharma, Inc. generic business.
BHEL is up 2.1% at Rs 225.50. Bharti Airtel
is trading higher by 1.8% at Rs 306. Mahindra & Mahindra
, Tata Motors
, Larsen & Toubro
, Jindal Steel
& Power, Sterlite Industries Tata Consultancy Services
are up 0.4% - 1.3%.
Bank of Baroda, Asian Paints
, Sesa Goa
, Punjab National Bank
, Ultratech Cement, Grasim Industries
, Power Grid Corporation
and Jaiprakash Associates
too are trading higher.
, Hindustan Unilever
, Maruti Suzuki
, Coal India
and Dr Reddy's
Laboratories are trading in negative territory with marginal losses.
BPCL, Axis Bank
, Kotak Bank, Ambuja Cements
and Ranbaxy Laboratories
are also trading weak.