Markets trade higher on first day of 2013

Commentary

oi-Sneha

By Sneha B K

Published: Tuesday, January 1, 2013, 10:15 [IST]

The Indian benchmark indices were trading higher on the first trading day of the New Year. The investors and traders seem to be positive on the hopes of the fiscal cliff solution.

The global markets including Asia remained closed on account of extended holiday of New Year.

At 10.00 am IST, the 30-share BSE Sensex was trading at 19,579, higher by down by 152 points and NSE Nifty was trading at 5949 up by 44 points.

Among Sectoral indices on the BSE, Sectors leading the rally were Realty(1.84%), Metal (1.38%), BAnkex (1.10%) and Consumer Durables (1.09%).

Shares of the Kingfisher were seen trading lower by 3% on the expiery of its licence.

On the National Stock Exchange (NSE), the top volume gainers were Reliance Infra, Hindalco, JP Associates, Jindal Steel and Bharti Airtel.

The only losers in trade were BPCL, ONGC and Wipro.

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