Markets are trading higher amidst volatility as traders roll over their positions in F&O segment from January to February and positive Asian cues. At 1130 hrs, the Sensex gained 88 points at 17,077 and the Nifty increased 22 points at 5,150 levels.
On the global front, Asian markets like Nikkei, Straits Times and Kospi have gained by nearly 1% while rest of the Asian bourses is shut today. Asian markets gained after US technology giant Apple reported strong earnings, on stabilizing European money markets and on falling euro zone debt yields.
Back home, sectors like Metal, Consumer Durable, PSU, Telecom, Technology, Realty, Oil & Gas, Auto and Power have gained by nearly 1% each. Apart from Capital Goods, all the major BSE sectoral indices are trading in green zone.
Index heavyweight RIL, Infosys and HDFC have gained by nearly 1% each.
Reliance Industries has gained by nearly 1% extending Tuesday's gains triggered by the company announcing the buyback schedule. RIL said its share buyback will begin on February 2012 and close on 19 January 2013.
IT stocks like Infosys and TCS gained between 1-2% after US tech major Apple Inc reported strong Q1 results.
From the Metal space, Sterlite, Tata Steel, Coal India and Hindalco are leading the uptrend, all gaining between 1-3%. Metal stocks surged after LMEX, a measure of six metals traded on the London Metal Exchange gained yesterday.
Auto stocks like Tata Motors and Maruti Suzuki have increased by nearly 2%. However, Hero Motocorp continues its fall, losing 1%.
On the losing side, ICICI Bank and L&T have lost ground led by profit booking.
The broader markets are outperforming the benchmark indices, gaining by over 1%.
The overall market breadth in BSE remains firm with 1,580 shares advancing and 805 shares declining.
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