Markets trade higher on strong Asian cues

Subscribe to GoodReturns
For Quick Alerts
Subscribe Now  
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts
    Markets trade higher on strong Asian cues
    Markets opened the day higher and recovered most of the losses on Wednesday, following strong gains across markets in Asia.
     

    The Sensex was up 100 points, while the Nifty gained 27 points in early trade. Among the gainers in trade today were oil exploration and oil marketing companies following reports that the government was planning to raise the prices of diesel.

    Oil stocks that gained included ONGC, BPCL, HPCL, Oil India and Indian Oil. Telecom stocks like Bharti Airtel and Idea Cellular were trading soft following reports that some telecom companies are likely to take the government to court after the telecom department issued notices to all operators this week directing them to pay a one-time on the existing airwaves they hold.

    IT stocks were trading firm ahead of results to be declared by Infosys on Friday. Wipro, HCL and Infosys were all trading higher today, while TCS dropped marginally.

    Realty stocks which have been rallying since the last few weeks also saw buyers, with the CNX Realty index trading in the positive. Shares from like Anant Raj, DB Realty, HDIL, Unitech and DLF were all showing gains.

    Among the stocks that witnessed maximum gains were the high beta metal names with large players like Tata Steel, Hindalco Industries, JSW Steel all trading with gains.

    Engineers India was up ahead of the government's decision on a stake sale in the company.

    Meanwhile, markets in Asia were trading sharply higher with the Japanese Nikkei, the Korean Kospi and the Hong Kong's Hang Sang trading with gains.

    GoodReturns.in

    Read more about: sensex nifty
    Story first published: Thursday, January 10, 2013, 9:36 [IST]
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more