It is another positive start for the markets. Building on the gains of the previous day, the Sensex is quoting at 17608, higher by 50 points and the Nifty is at 5272, up 12 points. The mid-cap and mall-cap indices have also gained up to 1% at 6763 and 8490 respectively.
Global cues have been decent. The US markets came off their intra-day highs in a late sell-off, but still ended virtually unchanged. The Dow and Nasdaq closed flat at 10841 and 2397 respectively. And the Asian markets have retraced their losses this morning, with the Hang Seng, Taiwan and Straits Times all trading in the green.
It's auto stocks all the way. Tata Motors, which corrected more than 7% in the previous three trading sessions, is seeing buying interest at lower levels. The auto major has added more than 1% at Rs 738 to emerge as the top gainer on the BSE. Maruti has strengthened by 1.4% at Rs 1392 and M&M has added 1.3% at Rs 1.69. Wipro, Hindustan Unilever and Sun Pharma are the other notable gainers.
And index heavyweight Reliance Industries has added 0.6% a Rs 1099.
On the losers side, Bharti Airtel has corrected 1.7% at Rs 308, HDFC Bank has shed 0.4% at Rs 1918 and ITC has los 0.2% at Rs 263.
The market breadth is strong. Out of 1700 stopcks traded on the BSE thus far, there are 1202 advancing stocks as against 456 declines.