Markets consolidated gains in afternoon trades this Monday on improved risk-appetite after jobs and manufacturing data showed mild recovery in US.
At 12:50PM, the Bombay Stock Exchange's 30-share index Sensex rose 90points to trade at 19,870 while the National Stock Exchange's 50-share Nifty gained 22 points at 6,020.
In the results calendar, JK Cement, TajGVK Hotels, United Spirits, Rural Electrification Corp will unveil their Oct-Dec performances on Monday.
Asian markets traded firm on hopes of global growth recovery after U.S. data showed on Friday payrolls rose by 157,000 last month, with upward revisions for November and December, while the Institute for Supply Management said its index of national factory activity rose to its highest since April.
Hong Kong's Hang Seng rose 0.3% to 23,798, Taiwan's Weighted index rose 0.86% to 7,923, Singapore's Straits Times inched up 0.37% to 3,303 while China's Shanghai Composite gained 0.38% to 2,438 and Japan's Nikkei rose 0.6% to 11,260.
Back home, real-estate, auto, banks, oil & gas sectors rose while PSU, metal, power, IT, healthcare declined on BSE.
Among key Sensex stocks, Tata Motors and Bajaj Auto gained 3.4% and 0.7%, ICICI Bank was up 2.2% and HDFC Bank rose 1% respectively, Hindalco Industries rose 0.3%, Reliance Industries was up 0.23% on BSE.
Among losers, Dr Reddy's tanked 2%, BHEL declined 1.6%, Sterlite Industries dropped 1.4% respectively , HUL dropped 0.5%, SBI shed 1.4% on BSE.
The other key notable movers include, Oil refiners gain on expectations they will announce a diesel price hike as early as this week after the government last month
allowed companies to raise prices. Hindustan Petroleum Corp Ltd, Indian Oil Corp
and Bharat Petroleum Corp Ltd shares gain over 0.7 percent each.
Automakers gained after reporting better January sales. Tata Motors is the top Sensex gainer, up 3%after its total sales of commercial and passenger vehicles in January 2013 were 61,660 vehicles.
Bajaj Auto has gained by over 1% after the company said its total sales rose 3% to 3.47 lakh units in January 2013 over January 2012.
Berger Paints is trading higher by about 4% at Rs 188 after the paint maker reported 57% year-on-year (yoy) growth in consolidated net profit at Rs 77 crore for the quarter ended on December 31, 2012 (Q3) on the back of higher sales.
The broader markets traded mixed with mid-caps falling 0.15% and small-caps inching up 0.12% on BSE.
The market breadth was positive. Out of 2,665 stocks traded, 1,308 stocks advanced compared to 1,219 declines on BSE.
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