Public RelationsSensex marginally up in early trades
The Sensex opened at 17,719 and touched a high of 17,790 on mixed cues from global markets. However, it has slipped and is now up 40 points at 17,726.
- FIIs net buyers Rs 2,207cr in F&O on Tuesday - US markets end flat; Indian ADRs surge - Reliance Industries: Filling its coffers - Sensex firms" earnings seen up 20% in Q3 - JSW Steel zooms on robust growth in steel prod - Novartis gains on plans of Alcon buy
The Nifty is up four points at 5,282.
The BSE consumer durables index is up 1.2% at 3,917. However, the IT index is trading in red at 5,233.
The US markets ended flat on Tuesday as reports suggested a drop in home sales data. The Dow slipped marginally while the Nasdaq was unchanged. Asian markets, however, are trading marginally in the positive.
NTPC and Mahindra & Mahindra have gained 1.5% each at Rs 233 and Rs 1,169, respectively. ICICI Bank has added 1.4% to Rs 900.
Reliance Communications has moved up 1.3% to Rs 184. Tata Steel and Tata Motors are the other gainers in morning trades.
However, Hindalco and Jaiprakash Associates have slipped 1.5% each to Rs 173 and Rs 160, respectively.
Maruti Suzuki and Sun Pharma have also dipped over 1% each.
The market breadth is positive. Out of 1,719 stocks traded, 1,261 have advanced while 399 have declined.