The 50-share NSE index was up 0.7 percent at 5,796.05 points.
Indian markets rose 0.8 percent early on Wednesday, after they lost more than 6 percent in the past six trading sessions, tracking stronger Asian markets.
Tata Steel was trading 1.5 percent lower after the world's No. 7 steelmaker said it expects operating results for the December quarter to decline compared with the preceding quarter, hurt by rising raw material prices and weak demand.
At 9:40 am : National Stock Exchange’s Nifty was at 5791.20, up 37.10 points or 0.64 per cent. The broader index touched a high of 5815.75 and low of 5784.30 in early trade.
Bombay Stock Exchange’s Sensex was at 19283.66, up 87.32 points or 0.45 per cent. The 30-share index touched a high of 19379.55 and low of 19272.39 in trade so far.
BSE Midcap Index was up 0.72 per cent and BSE Smallcap Index moved 0.93 per cent higher.
Amongst the sectoral indices, BSE Bankex was up 1.12 per cent, BSE IT Index gained 0.92 per cent and BSE Oil&gas Index moved 0.88 per cent higher. BSE Capital Goods Index was down 0.69 per cent.
Suzlon Energy (3.37%), Cairn India (2.72%), Sterlite Industries (2.57%), Tata Motors (2.15%) and Kotak Bank (2.12%) were amongst the top Nifty gainers.
Tata Power (-2.18%), L&T (-1.70%), Tata Steel (-1.69%), Hero Honda (-1.24%) and Bajaj Auto (-1.16%) were amongst the losers.
Market breadth was positive on the NSE with 1237 advances against 515 declines.
Meanwhile, other Asian peers were also in the green. Nikkei 225 was up 0.48 per cent, Hang Seng gained 0.91 per cent and Taiwan Weighted moved up 0.58 per cent.
Sensex Slips : Reliance Communications, Tata Steel, Bajaj Auto, L&T and Tata Power major Sensex losers
At 11 am: National Stock Exchange’s Nifty was at 5717.05, down 37.05 points or 0.64 per cent. The broader index touched a high of 5815.75 and low of 5715.55 intraday.
Bombay Stock Exchange’s Sensex was at 19080.52, down 115.82 points or 0.60 per cent. The 30-share index touched a high of 19379.55 and low of 19056.39 in trade so far.
BSE Midcap Index was up 0.07 per cent and BSE Smallcap Index moved 0.11 per cent higher.
Amongst the sectoral indices, BSE Capital Goods Index fell 1.34 per cent, BSE Health Care Index slipped 1.04 per cent and BSE Realty Index moved 0.69 per cent lower. BSE IT Index was up 0.83 per cent, BSE Bankex gained 0.59 per cent
Reliance Communications (-3.13%), Tata Steel (-3.09%), Bajaj Auto (-2.99%), L&T (-2.66%) and Tata Power (-2.09%) were amongst the major Sensex losers.
Tata Motors (2.21%), TCS (1.86%), ICICI Bank (1.64%), Sterlite Industries (1.22%) and SBI (0.67%) were amongst the top gainers.
Market breadth was flat on the BSE with 1287 advances against 1254 declines.
Nifty Came Near to 5700
National Stock Exchange’s Nifty was at 5731.30, down 22.80 points or 0.40 per cent. The broader index touched a high of 5815.75 and low of 5711.30 intraday.
BSE Midcap Index was down 0.28 per cent and BSE Smallcap Index moved 0.40 per cent lower.
Amongst the sectoral indices, BSE Capital Goods Index was down 1.61 per cent, BSE Healthcare Index slipped 1.19 per cent and BSE Realty Index moved 1.10 per cent lower. BSE IT Index gained 0.33 per cent.
Reliance Communications (-3.12%), ONGC (-2.88%), L&T (-2.55%), Bajaj Auto (-2.50%) and Dr Reddy’s Laboratories (-2.39%) were amongst the losers.
Suzlon Energy (7.16%), Sterlite Industries (3.28%), Cairn India (3.19%), Tata Motors (3%) and TCS (2.13%) were amongst the top Nifty gainers.
Market breadth was negative on the NSE with 1718 losers as compared to 1028 gainers.
Sensex Gain Early : Sterlite Industries, Tata Motors, TCS, ICICI Bank and Bharti Airtel top gainers.
At 2:30 pm: National Stock Exchange’s Nifty was at 5841.45, up 87.35 points or 1.52 per cent. The broader index touched a high of 5846.35 and low of 5711.30 intraday.
Bombay Stock Exchange’s Sensex was at 19476.20, up 279.86 points or 1.46 per cent. The 30-share index touched a high of 19486 and low of 19048.56 in trade so far.
BSE Midcap Index was up 1.33 per cent and BSE Smallcap Index moved 1.06 per cent higher.
Amongst the sectoral indices, BSE Realty Index gained 2.87 per cent and BSE Metal Index moved 2.40 per cent higher and BSE Bankex advanced 2.02 per cent. BSE Capital Goods Index was down 1.61 per cent.
Sterlite Industries (6.17%), Tata Motors (4.60%), TCS (4.15%), ICICI Bank (3.63%) and Bharti Airtel (2.74%) were amongst the top sectoral gainers.
Bajaj Auto (-1.33%) L&T (-1.29%), HUL (-1.10%), Cipla (-0.76%), and ONGC (-0.71%) were amongst the losers.
Market breadth was negative on the BSE with 1712 advances against 1138 declines.
Meanwhile, the European markets opened in the green. FTSE 100 was up 0.54 per cent, CAC 40 gained 1.30 per cent and DAX moved 1.22 per cent higher.
Nifty Close 100 point Higher : Suzlon Energy, Sterlite Industries, Tata Motors, ICICI Bank and Reliance Capital were top gainers of the day
Bombay Stock Exchange’s Sensex was at 19522.49, up 326.15 points or 1.70 per cent. The 30-share index touched a high of 19574.63 and low of 19048.56 in trade so far.
BSE Midcap Index was up 1.79 per cent and BSE Smallcap Index moved 1.48 per cent higher.
Amongst the sectoral indices, BSE Realty Index moved 3.32 per cent higher, BSE Metal Index moved 2.78 per cent up and BSE Bankex advanced 2.65 per cent. BSE Capital Goods Index was down 0.15 per cent,
Suzlon Energy (12.53%), Sterlite Industries (7.37%), Tata Motors (5.52%), ICICI Bank (4.52%) and Reliance Capital (3.95%) were amongst the top sectoral gainers.
Shares of Suzlon Energy rallied after JP Morgan turned ‘overweight’ on the stock and raised its price target to Rs 64 from Rs 41 earlier.
Bajaj Auto (-1.68%) HUL (-1.09%), L&T (-0.98%), Tata Power (-0.79%), and Maruti (-0.31%) were amongst the losers.
Market breadth was positive on the NSE with 1832 advances against 1066 declines.
Source ET