Markets slightly up in early trades

The markets opened on a flat note tracking mixed cues from the global markets. The Sensex, however, has recovered marginally and is now trading up 88 points at 17,361. Nifty is up 28 points at 5,285.

Apple lifted US stocks on Monday after it announced regular dividends and a share buy-back plan. The Dow Jones industrial average moved up 0.05 per cent to end at 13,239, while the Standard & Poor's 500 Index gained 0.4 per cent to 1,410. The major European markets all moved lower on Monday. While the French CAC 40 Index slid by 0.5 per cent, the German DAX Index and the FTSE 100 Index both edged down by 0.1 per cent.

In Asian, MSCI's broadest index of Asia Pacific shares outside Japan inched 0.1 per cent higher on Tuesday. The Japanese markets, however, are closed today.

Back home, the Nifty is likely to face resistance around 5,300 and 5,320, while it can seek support around 5,220 and 5,195 levels, technical analysts suggest.

Most of the sectoral indices are traing in the green this morning. BSE realty index has added 1.2% at 1,774. Consumer durables, capital goods and metal shares have also reversed losses. Meanwhile, the IT index remains in red -  down 0.3% at 5,951.

BHEL is the biggest gainer among Sensex stocks - up 2% at Rs 266. DLF, Sun Pharma, Sterlite and Jindal Steel are up around 2% each. Heavyweights - Reliance and ICICI Bank accounted for a 36 points upmove in the Sensex.

On the other hand, Infosys has shed 1% to Rs 2,807, followed by Tata Power, Maruti Suzuki and Coal India.

Among individual stocks, Kingfisher Airlines has slumped 6.2% at Rs 18.85 on reports that the airline’s flying permit may be cancelled.

Reliance Capital Trustee Company, a subsidiary of Anil Dhirubhai Group's Reliance Capital has purchased 13 million shares of Mahindra Satyam for over Rs 87 crore. The stock is up 1.7% at Rs 393.

Hindustan Motors has said that four promoter group firms have increased their stake in the company to 32.19 per cent by picking up an additional 6.82 per cent through preferential allotment. Shares of Hind MOtors is up 4.2% at Rs 11.