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Markets have started the trading session on a higher note led by Reliance Inds which posted a better-than-expected set of numbers yesterday. Firm Asian markets have also uplifted the sentiments among local investors.
By 9:30, the Sensex was higher by 131 points at 20,739 mark and the Nifty gained by 40 points at 6,153 levels.
The Sensex has hit 2 year high with the benchmark index touching an intra-day high of 20,855 levels.
On the global front, Asian shares rose to their highest in nearly five months on expectations of an imminent deal to reopen the US government and avert a possible debt default, though the squabbling in Washington kept markets on edge ahead of Thursday's deadline.
MSCI's broadest index of Asia-Pacific shares outside Japan advanced 0.6% on Tuesday morning to its highest level since May 23. Tokyo's Nikkei share average also gained 0.6%, hitting a two-week peak.
Back home, BSE Realty, IT, Oil & Gas, TECk, Consumer Durables, Power, Metal and Capital Goods indices gained by 0.7-1.3%. Infact, all the major BSE sectoral indices are trading in green zone.
Reliance Industries is trading higher by 2% at Rs 887 in early morning deals on BSE after reporting better than expected 1.5% year-on-year (yoy) growth in net profit at Rs 5,490 crore for the second quarter ended September 2013 (Q2).
Tata Consultancy Services (TCS has gained by 1.5% ahead of its September-quarter result announcements. Analysts said that a gain of 1-1.5% in the stock prior to the announcement was not much as most of the optimism surrounding its earnings numbers had already been factored in.
Other notable gainers are Wipro, NTPC, Tata Steel, Sesa Sterlite, Maruti Suzuki and SBI.
On the losing side, Hindalco, Tata Motors and HUL have declined between 0.4-2%.
Among other shares, CMC has surged 6% to Rs 1,452 on BSE after reporting a strong 36% year-on-year (yoy) growth in consolidated net profit at Rs 67.31 crore for the second quarter ended September 2013 (Q2) on back of higher operational income.
The market breadth in BSE remains positive with 710 shares advancing and 249 shares declining.
