Sensex above 18k level; Tata Motors up

Commentary

oi-Sneha

By Sneha B K

Published: Wednesday, February 15, 2012, 9:47 [IST]

The Indian benchmark indices on Wednesday kick started with more than 200 points in morning session and was seen trading above 18k level tracking positive Asian cues as markets hopes rekindled on Greece's bailout.

Tata Motors came up with better than expected Q3 results yesterday, with net profit 40% and shares were trading higher at Rs 284.70 up by 16.80 points or 6.27% on BSE.

At 09.40 am IST, the 30-share BSE Sensex was trading at 18063.35 up by 214.78 points or 1.20% and NSE Nifty was trading at 5478.20 up by 60.25 points or 1.11%.

In Asia, the major markets were trading in positive terrain after, the Nikkei 225 up by 186.15 points and was at 9,239.46. The Hang Seng was up by 364.92 points and was at 21,290.90. Shanghai was marginally up by 20.15 points and was trading at 2,364.19.

Among sectoral indices on BSE, all the sectors were trading in positive terrain. Auto, Capital Goods, Realty and Consumer Durables leading the rally.

On the National Stock Exchange (NSE), the top volume gainers were Tata Motors, Axis bank, L&T, Reliance Infra and DLF posted gains between 2.37%-5.88%.

And the losers in morning trade were BPCL and Hindustan Lever.

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