Sensex, Nifty open higher on strong global cues

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Sensex, Nifty open higher on strong global cues
Indices
Sensex26,236.87Sensex Quote-155.89 [0.59%]
Nifty8,102.05Nifty Quote-41.10 [0.50%]
The Sensex and the Nifty opened the day higher on strong global cues, particularly from Asia. The Sensex was trading with gains of 92 points, while the Nifty was up 28 points in trade. Among the early gainers in trade from the Nifty were DLF and Tata Steel.

Sun Pharma continued to rally following its acquisition of Ranbaxy labs. The stock was up more than one per cent in trade.

Banking stocks were once again in the limelight with notable gainers being State Bank of India, ICICI Bank and Bank of Baroda.

Shares in Suzlon, the Wind Turbine maker gained as much as 9 per cent after the company concluded a loan agreement worth Euro 850 million.

Shares in Maruti were down more than one per cent after reports that the company is expected to soon issue a recall notice for around 1.5 lakh units of the new Swift Dzire compact sedan.

Mid cap stocks also gained in line with the large cap stocks with notable gainers being Crompton Greaves, Unitech and Karnataka Bank.

Software stocks were subdued in trade with TCS and HCL Tech marginally lower, while Infosys was trading flat.

Real estate stocks saw some buying interest with notable gainers being DB Realty which rallied more than 6 per cent and Indiabulls which was up more than1 per cent.

Meanwhile, markets across Asia were trading with gains with the Hong Kong's Hang Sang and the Taiwan Weighted among the early winners.

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