Sensex opens higher; hits 20,000 in opening trade

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Sensex opens higher; hits 20,000 in opening trade
The Sensex opened the day higher and briefly hit the 20,000 market before retreating on selling pressure. It was last trading 30 points higher, while the Nifty was up 3 points at 6026 points.

Tata Consultancy Services continued to see buying interest after the company beat street estimates by reporting a profit after tax of Rs 3,550 crore for the third quarter. The stocks was up 3 per cent in early trade.

Shares of Infosys which rallied more than 20 per cent in the last two trading sessions saw some profit booking and the stock was down 0.50 per cent. However, other IT stocks like HCL Tech and Wipro were among the gainers in trade.

Banking stocks were also in the limelight with the Bank Nifty trading higher with Yes Bank, HDFC Bank, IndusInd Bank and Canara Bank among the early gainers. Axis Bank was up 0.48 per cent ahead of its results to be declared later today.

Among the early Nifty losers were Hindustan Unilever, ITC, GAIL and Asian Paints. Realty stocks continue to trade higher with DLF up 0.44 per cent, following a sharp rally of more than 7 per cent on Monday. Other realty stocks that gained included Anant Raj, DB Realty, Godrej properties, Parsvnath and Oberoi Realty.

The BSE metal index too was in the green with buying interest in metal stocks like Bhushan, Tata Steel, Hindustan Zinc and Hindalco pulling the metal index higher.

The BSE Healthcare index was trading flat with Sun Pharma, Wockhardt, Lupin Laboratories and Cadilla trading in the red.

Meanwhile, markets in Asia were trading mixed with the Chinese Composite and the Japanese Nikkei trading higher, while Hong Kong's Hang Sang and the Korean Kospi lost ground.

Today's gains in the markets were on the back of a more than 1 per cent rally in the markets on Monday.

Read more about: sensex, nifty
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