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Markets have a robust opening

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SI Reporter Mumbai
Last Updated : Jan 21 2013 | 3:38 AM IST

It is a cheerful start to the day's proceedings. The positive sentiment prevalent globally has rubbed onto our bourses and thereby helped to put behind a disappointing previous session. The Sensex is quoting at 17664, stronger by 193 points and the Nifty is at 5299, higher by 57 points. The midcap index is quoting at 7254, higher by 65 points and the smallcap index is at 9267, up 91 points.

US stocks saw their best one-day gain in about six weeks on Wednesday after a bullish forecast from financial company State Street Corp fuelled optimism about the coming earnings season. The Dow Jones rose 274 points and Nasdaq Composite advanced 65 points. The S&P 500 broke above a major resistance level to gain 32 points at 1,060. And taking the cue, the Asian markets opened in the green. Hang Seng emerged stronger by 264 points and Nikkei gained 247 points in early trades.

All the sectoral indices are in the green. The leading gainers on the Sensex are Sterlite (strengthened by 2.1% at Rs 162), DLF (gained 1.8% at Rs 283) and Tata Motors (added 1.7% at Rs 763). Tata Steel, Infosys and Wipro are the other significant gainers. And index heavyweight RIL is up 1.3% at Rs 1065.

Hindustan Unilever is the only loser among the BSE-Sensex scrips. The FMCG major has lost 0.6% at Rs 265.

The market breadth is strong. Out of 1559 stocks traded on the BSE, there are 1352 advancing stocks as against 180 declines.

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First Published: Jul 08 2010 | 9:02 AM IST

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