 "Markets off early highs; M&M, Airtel weigh")
Markets have come off day highs in noon deals with the Sensex up 141 points at 19,551 and the Nifty gained 40 points to trade at 5,877. The ones capping the up move were Mahindra & Mahindra, Bharti Airtel and Gail India.
Earlier in the day, the Sensex had touched a high of 19,640 while the Nifty was up at 5,900.
In the broader markets, the mid and smallcap indices gained 0.6% each, lagging slightly by the BSE benchmark index which was up over 0.7%.
But markets were cautious as they waited for a U.S. jobs report that could bolster, or derail, the case for the Federal Reserve to start dialing down its asset-buying program this year.
MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.7%.
Hong Kong shares gained 1.7% along with Japan's Nikkei average which closed 2.1% higher and touched a five-week high.
However, South Korea’s KOSPI slipped 0.3%, lagging behind Asian peers.
European markets too advanced with CAC, DAX and FTSE gaining 0.1-0.3%.
Back home, except Consumer Durables index which was down 0.4%, all the other indices were in the green. The ones leading the gains were Oil & Gas, FMCG and Metal indices up 1% each.
The other sectoral gainers were Bankex, Capital Goods, Health Care, PSU, Power, IT and Realty indices which gained 0.2-0.8%.
The top gainers among the Sensex-30 were Jindal Steel, HDFC Bank, Reliance Industries and Tata Power which gained 2% each.
Tata Motors, ONGC, Sterlite, Cipla, ITC, HUL, Hindalco and BHEL which added 1-1.5% were the other notable gainers.
The only names in the red were Mahindra & Mahindra, Gail India, Bharti Airtel and Coal India losing 0.7-1%.
The market breadth was very positive. 1,203 stocks advanced while 833 stocks declined on the BSE.
Earlier in the day, the Sensex had touched a high of 19,640 while the Nifty was up at 5,900.
In the broader markets, the mid and smallcap indices gained 0.6% each, lagging slightly by the BSE benchmark index which was up over 0.7%.
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Asian stocks rose on Friday, while sterling hit a five-week low, after two of Europe's most important central banks surprised the market by assuring investors they were in no hurry to wind down stimulus.
But markets were cautious as they waited for a U.S. jobs report that could bolster, or derail, the case for the Federal Reserve to start dialing down its asset-buying program this year.
MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.7%.
Hong Kong shares gained 1.7% along with Japan's Nikkei average which closed 2.1% higher and touched a five-week high.
However, South Korea’s KOSPI slipped 0.3%, lagging behind Asian peers.
European markets too advanced with CAC, DAX and FTSE gaining 0.1-0.3%.
Back home, except Consumer Durables index which was down 0.4%, all the other indices were in the green. The ones leading the gains were Oil & Gas, FMCG and Metal indices up 1% each.
The other sectoral gainers were Bankex, Capital Goods, Health Care, PSU, Power, IT and Realty indices which gained 0.2-0.8%.
The top gainers among the Sensex-30 were Jindal Steel, HDFC Bank, Reliance Industries and Tata Power which gained 2% each.
Tata Motors, ONGC, Sterlite, Cipla, ITC, HUL, Hindalco and BHEL which added 1-1.5% were the other notable gainers.
The only names in the red were Mahindra & Mahindra, Gail India, Bharti Airtel and Coal India losing 0.7-1%.
The market breadth was very positive. 1,203 stocks advanced while 833 stocks declined on the BSE.