Sensex opens higher on strong Asia cues

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Sensex opens higher on strong Asia cues
The Sensex and the Nifty opened the day higher on the back of strong global cues. The Sensex was trading higher by 35 points, while the Nifty gained 11 points in early trade.

Among the early winners in trade was DLF, which surged 4 per cent, after reports that it has completed the deal with Aman Resorts. Other notable gainers were all from the steel sector with Tata Steel, Jindal Steel, NMDC and Sesa Sterlite being among the gainers.

Tata Motors was also trading higher ahead of its results to be declared later today.
Banking stocks were trading with a slight negative bias with notable losers being Kotak Mahindra, IndusInd Bank and State Bank of India.

Top Nifty losers in trade were Hindustan Unilever, Ranbaxy and Punjab National Bank. Software stocks were also trading with a slight negative bias with losers being Tata Consultancy Services and Infosys.

Reliance Communications dropped in trade after its results disappointed the street. The stock was down 2.67 per cent.
Apollo Hospitals on the other hand was trading marginally lower ahead of its results to be declared later today. Mid cap stocks continued to hog the limelight with notable gainers being Apollo Tyres and Reliance Capital.

Meanwhile, Asian markets were trading with gains led by the Shanghai Composite which rose to a one month high. Other markets that were up in trade included the Japanese Nikkei and the Jakarta Composite.

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