The markets have opened in the red wirth the Sensex down 39 points at 19,475 and the Nifty shed 10 points to open at 5,847. In comparison to the Sensex, the broader markets are outperforming. The midcaps and the smallcaps have opened up 2% each.
Among the BSE sectoral charts, Consumer Durables up 3% leads the pack in the early trades followed by Bankex and Auto.IT and Realty adding 0.06% and 0.1% respectively are the least gainers on the chart.
In the Asian markets, Hang Seng is quoting at 23,418, stronger by 255 points or 1% and the Nikkei has opened at 10,226, higher by 15 points or 0.1%. Seoul Composite is quoting at 1,987, up by 0.04%, Taiwan Weighted is at 8,753, higher by 34 points or 0.4% and Straits Times is flat at 3,188.Shanghai Composite is at 2,880, up 38 points or 1.4%.
The gainers in the early trades are Tata Motors and Reliance Communications up 2% each followed by Jaiprakash Associates, Reliance Infrastructure, Cipla, Hindalco,Tata Steel gaining 1% each.
Hero Honda, ITC, Bharti Airtel down 1% each are the top losers on the Sensex. ICICI Bank, Infosys, Bajaj Auto, Mahindra & Mahindra shedding 0.6% ecah are the other noteable losers.
The market breadth is positive. 1059 stocks have advanced while 366 have declined.
