Markets open positive; ICICI Bank lower ahead of results

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 Markets open positive; ICICI Bank lower ahead of results
Indices
Sensex26,201.32Sensex Quote-29.34 [0.11%]
Nifty8,085.90Nifty Quote-0.90 [0.01%]
Markets opened the day higher with the strong momentum in oil and gas stocks taking the Nifty and the Sensex closer to record highs. The Sensex was trading higher by 82 points, while the Nifty was trading higher by 17 points at 6831 points.

Among the early gainers in trade today were once again the oil and gas stocks with Gas Authority of India, Reliance and ONGC leading the pack.

HDFC Bank which reported numbers that were marginally lower than expected on Tuesday was trading lower. ICICI Bank on the other hand was up ahead of its results to be declared later today.

The Bank Nifty was marginally down in early trade led by losses in IndusInd Bank, Canara Bank, apart from ICICI Bank and HDFC Bank.

Shares in Shasun Pharma were up 4 per cent on a proposed board meeting to clear a preferential issue of shares.

Nifty stocks that lost ground in trade today were Ultratech Cement, DLF and ACC.

Mid cap stocks continued to edge higher with notable gainers from the space being HPCL, Mcleod and Adani Enterprises.

Real estate stocks were not having a very good day in trade with losers from the space being Anant Raj and Oberoi Realty.

Meanwhile, markets in Asia were trading mixed with the Singapore's Strait Times and the Kospi trading with losses, while the Japanese Nikkei gained in trade.

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