 "Nifty nears 6,300 mark; Midcaps underperform")
Benchmark indices continue to maintain the positive trend supported by Asian markets along with metal and software technology shares leading the gains.
By 10:30, the Sensex was higher by 186 points at 21,219 mark and the Nifty gained by 54 points at 6,296 levels.
Traders will eye December wholesale price inflation to be announced today which is seen at 7% and considered to be key ahead of the Reserve Bank of India (RBI)'s rate review on January 28.
On the global front, Asian share markets were mostly higher on Wednesday as the World Bank upgraded its outlook for the global economy while the dollar extended gains in the wake of surprising strength in US consumer spending.
A pullback in the yen was welcomed by the Japanese market, with the Nikkei bouncing 1.8% after suffering its sharpest daily drop in five months on Tuesday.
Back home, YES Bank, DCB Bank, Bajaj Finserv, Bajaj Finance and Agro Tech Foods will unveil their December 2013 quarterly results today.
The rupee is at 61.59/60 versus its close of 61.55/56 on Monday as the the dollar gained versus most other Asian peers.
On the sectoral front, BSE Metal index has surged by over 1% followed by counters like IT, Banks, Capital Goods, Oil & Gas, , Power and Auto, all gaining by nearly 1% each. Infact, all the major BSE sectoral indices are trading in green zone.
The main gainers on the Sensex at this hour include Coal India, Hindalco, TCS, Hero Moto, Cipla, RIL, Bharti Airtel, ICICI Bank and Sesa Sterlite.
Coal India is the top Sensex gainer, up by over 2%. Coal India board has approved a special dividend for the current financial year, which would fetch Rs 16485.71 crore to government exchequer and help meet its disinvestment target of Rs 40,000 crore.
The CIL board, which met late Tuesday, approved highest ever interim dividend of Rs 29 per share of face value of Rs 10.
Among other shares, Liberty Shoes has lost nearly 4%, with the stock sliding on profit taking after recent gains after net profit rose 82.48% to Rs 3.23 crore in Q3 December 2013 over Q3 December 2012
The broader markets are underperforming the benchmark indices- BSE Midcap and Smallcap indices have gained between 0.3-0.6%.
The market breadth in BSE remains positive with 1,035 shares advancing and 593 shares declining.
By 10:30, the Sensex was higher by 186 points at 21,219 mark and the Nifty gained by 54 points at 6,296 levels.
Traders will eye December wholesale price inflation to be announced today which is seen at 7% and considered to be key ahead of the Reserve Bank of India (RBI)'s rate review on January 28.
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Retail prices rose an annual 9.87% last month, slower than expected, as vegetable prices fell, giving some relief to policymakers struggling to contain price pressures as growth hovers at a decade low.
On the global front, Asian share markets were mostly higher on Wednesday as the World Bank upgraded its outlook for the global economy while the dollar extended gains in the wake of surprising strength in US consumer spending.
A pullback in the yen was welcomed by the Japanese market, with the Nikkei bouncing 1.8% after suffering its sharpest daily drop in five months on Tuesday.
Back home, YES Bank, DCB Bank, Bajaj Finserv, Bajaj Finance and Agro Tech Foods will unveil their December 2013 quarterly results today.
The rupee is at 61.59/60 versus its close of 61.55/56 on Monday as the the dollar gained versus most other Asian peers.
On the sectoral front, BSE Metal index has surged by over 1% followed by counters like IT, Banks, Capital Goods, Oil & Gas, , Power and Auto, all gaining by nearly 1% each. Infact, all the major BSE sectoral indices are trading in green zone.
The main gainers on the Sensex at this hour include Coal India, Hindalco, TCS, Hero Moto, Cipla, RIL, Bharti Airtel, ICICI Bank and Sesa Sterlite.
Coal India is the top Sensex gainer, up by over 2%. Coal India board has approved a special dividend for the current financial year, which would fetch Rs 16485.71 crore to government exchequer and help meet its disinvestment target of Rs 40,000 crore.
The CIL board, which met late Tuesday, approved highest ever interim dividend of Rs 29 per share of face value of Rs 10.
Among other shares, Liberty Shoes has lost nearly 4%, with the stock sliding on profit taking after recent gains after net profit rose 82.48% to Rs 3.23 crore in Q3 December 2013 over Q3 December 2012
The broader markets are underperforming the benchmark indices- BSE Midcap and Smallcap indices have gained between 0.3-0.6%.
The market breadth in BSE remains positive with 1,035 shares advancing and 593 shares declining.