Markets open higher on strong Asian cues

Markets opened the day higher on the back of strong global cues, particularly from Asia. The Sensex was trading with gains of 41 points, while the Nifty was up 10 points in trade. Among the early gainers in trade were Larsen and Toubro, Punjab National Bank and IndusInd Bank.

Among the early Nifty losers were Power Grid, Tata Motors and Sun Pharma. Ultratech Cement which reported numbers on Monday lost ground and was trading lower. Tata Consultancy Services which gained as much as 5 per cent on Monday was trading with marginal losses.

Heavyweight, Reliance Industries continued to lose ground for a second day in a row following its Q3 results. The stock was the top Nifty loser on Monday.

Colgate Palmolive was trading marginally higher ahead of its results to be declared later today. Banking stocks came in for some buying interest in trade today. Canara Bank was up 1.16 per cent after the board of the bank declared a healthy interim dividend.

Yes Bank and Bank of Baroda were the other prominent gainers in trade. Real estate stocks also saw buying interest in trade today with DLF and Unitech among the gainers.

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

GoodReturns.in

Story first published: Tuesday, January 21, 2014, 9:37 [IST]

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