Sensex Trades Higher, Asian Cues Mixed

Benchmark indices opened the day higher taking cues from strength across the Asia-Pacific markets. Investors reacted to last week's U.S. jobs report that beat expectations and fuelled hopes for a faster economic recovery in the United States. The Sensex was trading with gains of 250 points, while the Nifty was up 85 points in early trade.

PVR was in the limelight after the company announced the opening of 6 new screen multiplex in Forum Centre City Mall, Mysuru. The stock was up1 per cent at Rs 1,477 on the NSE.

Adani Port shares were in the limelight after the company said that Windy Lakeside Investment Ltd, will invest Rs 800 crore for a 0.49 percent stake in Adani Ports and Special Economic Zone Ltd. The shares were up 2 per cent in early trade.

Sayaji Hotels Management Limited, a Wholly Owned Subsidiary of Sayaji Hotels has signed and 'entered into 7-Management Agreement for the expansion of SHML by having new properties in the 7 locations. The stock of Sayaji Hotels was up at Rs 245.

Meanwhile, crude oil surged more than 2 per cent, which could have an impact on inflation in India. Fuel has already hit record highs and petrol is now retailing at almost Rs 100 in select cities in India.