Indian benchmark indices, the Sensex and Nifty, continued to trade higher by over 0.8 per cent in the pre-noon session on Tuesday following a good rally in the global markets.
At 11.42 a.m., the 30-share BSE index Sensex was up 151.21 points or 0.87 per cent at 17,629.36 and the 50-share NSE index Nifty was up 47.25 points or 0.89 per cent at 5,365.15.
Volume toppers during the session were SBI, Infosys, Tata Steel, RIL and L&T. Among the 30-share Sensex, RIL, Hindalco, Sterlite, ICICI Bank and SBI were the top performers. Maruti, Hero Motocorp, TCS, M&M and Sun Pharma were the major laggards.
Except IT and auto, all the other sectoral indices were trading in the green. The pre-noon session trade was led by oil & gas, bank, consumer durables and metal stocks. Of the total 2,545 stocks traded, 1,612 advanced, 815 declined and 118 remained unchanged.
Indian markets opened up by about half a per cent. The Sensex opened the day at 17,576, up 98 points (0.6 per cent) from its previous close. The NSE Nifty opened at 5,353, up 35 points (0.6 per cent) from its previous close.
Asian markets rose as the Chinese services industries and the US manufacturing data numbers were higher than market expectations. The US markets were all up by around one per cent at the end of Monday’s trading session.
Most of the European markets on Monday closed by more than one per cent. However, analysts say that concerns still persist in the 17 countries that use the euro as manufacturing and unemployment numbers continue to get worse. The unemployment numbers for the euro zone was now at 10.8 per cent, the lowest since the inception of the euro.
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