Markets ended today's session on a positive note amid voaltility led by buying witnessed by banking, capital goods and IT stocks. The Sensex provisionally closed higher by 108 points at 18,790 and the 50 share Nifty closed higher by 30 points at 5,715.
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(Updated at 1430 hours)
Markets are trading on a firm note in the late noon deals on the back of buying visible in the banking and IT stocks. Thse Sensex is up 97 points at 18,179 and the 50-share Nifty has advanced 25 points to 5,710 levels.
The Asian markets ended on a positive note on expectations of easing from the Bank of Japan. The Hang Seng advanced 146 points to close at 21,697, Shanghai Composite added 4 points to close at 2,133 and the Nikkei closed higher by 8 points at 9,010.
European stocks dipped on Monday and a key index fell further from a one-month high hit last week, as investors worried about corporate profits after a string of disappointing results. The DAX was down 7 points at 7,373, FTSE slipped 1 point to 5,894 and the CAC 40 index was up 10 points at 3,515.
Back home, TCS is the top Sensex gainer. The stock has advanced 3% to Rs 1,326 after reporting a better-than-expected 49% year-on-year (yoy) growth in net profit at Rs 3,434 crore for the second quarter ended September 2012 driven by growth across geographies and businesses.
Larsen & Toubro ghas also advanced 2.2% to Rs 1,669 after India's top construction and engineering company, beat estimates with a 42.4% rise in net profit for the July-Sept quarter, the company said on Monday, helped by a one-time gain and higher revenue booking.
The Mumbai-based engineering conglomerate said net profit rose to Rs 1,137 crore during the second quarter of the fiscal year from Rs 798 crore a year earlier. Excluding a one-time gain during the quarter, L&T reported a net profit of Rs 915 crore.
NTPC, Bharti Airtel, ICICI Bank, Cipla, Dr reddy's Labs, Mahindra & Mahindra, HDFC Bank, Reliance Industries, Bajaj Auto, Coal India, Tata Power, Tata Steel and Hindalco also advanced 0.6-1.7% each.
On the other hand, Jindal Steel, Sterlite Industries, ITC, Hero MotoCorp, Tata Motors, HDFC, SBI and Wipro are among the notable losers.
On the sectoral front, the BSE capital goods index is the top gainer, up 1.2% or 129 points at 11,197. IT, healthcare, bankex, teck, oil & gas, power and PSU indices are also up 0.2-1% each. While, FMCG, consumer durables, realty, metal and auto indices are trading on a weak note.
Among the individual stocks, 20 Microns has moved higher by 6% to Rs 118 after the company announced the sub-division of the equity shares of the company.
Somany Ceramics was locked in 20% upper circuit at Rs 84.65 on the Bombay Stock Exchange on back of heavy volumes on 12:20pm on Monday.
The broader markets are under performing the benchmark indices. The BSE mid-cap and small-cap indices are trading flat with a gain of 0.1% each.
The overall breadth is neutral as 1,367 stocks are advancing while 1,399 are advancing.
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