The Sensex opened with more than 50 points gap up on last day of the week reacting to positive global cues. Ahead of Christmas holiday, Asian markets were trading 1-2% higher while US markets ended 0.5-0.8% higher after stronger than expected jobless claims.
he Sensex was up 91.37 points at 15,904.73 and theNifty rose 27.25 points to 4,761.10, amid volatility.
Shares of L&T, ACC, Axis Bank, Maruti, Tata Motors, Sterlite, Sesa Goa, BHEL, JP Associates, Wipro, Tata Power, M&M, IDFC, PNB and DLF led the markets higher in early trade.
However, Ranbaxy Labs, Bharti Airtel and ICICI Bank were under pressure.
The CNX Midcap jumped 37 points to 6,246. Market breadth too was positive; about two shares gained for every share falling on the National Stock Exchange.
ABB shot up 5% as the company received Rs 4,000 crore worth of UHVDC power transmission order.
In the second line shares, Shree Renuka, VIP Industries, Delta Corp, Punj Lloyd, Lovable Lingerie, Balrampur Chini, Crompton Greaves, Ashok Leyland, Praj Industries, Dabur, Jain Irrigation and REC were up 2-3.5%.
Hindustan Motors jumped 6.5%. The company entered into Bangladesh markets for producing taxis and made JV with local group for assembly unit near Dhaka, reports CNBC-TV18 quoting Business Standard.
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