Indian markets are trading on a higher note tracking positive Asian peers. FMCG, auto and realty stocks gained, while IT and oil & gas stocks declined. 

At 11.05 a.m., the Sensex was trading up 73.58 points or 0.40% at 18,412.58 with 21 components gaining. Meanwhile, the Nifty was trading higher by 22.35 points or 0.40% at 5,593.75 with 30 components gaining.

Asian stocks rose as better- than-forecast U.S. home sales boosted optimism in the world’s largest economy.

The 30-share benchmark index, BSE Sensex opened with a gain of 83.69 points or 0.46% at 18,422.69, while the broad based NSE Nifty started with a rise of 33.40 points or 0.60%, at 5,604.80.

Sensex Movers

Housing Development Finance Corporation contributed rise of 36.5 points in the Sensex. It was followed by H D F C Bank (11.76 points), I T C (9.84 points), Tata Consultancy Services (8.76 points) and Tata Motors (8.56 points).

However, Infosys contributed fall of 16.54 points in the Sensex. It was followed by Reliance Industries (3.16 points), Sun Pharmaceutical Industries (2.96 points), Grasim Industries (1.86 points) and Hero Motocorp (1.85 points).

Major gainers in the 30-share index were Housing Development Finance Corporation (2.59%), GAIL (India) (1.65%), Tata Motors (1.44%), Mahindra & Mahindra (1.29%), Tata Consultancy Services (0.98%), and Tata Power Company (0.88%).

On the other hand, Infosys (1.22%), Bajaj Auto (0.95%), Sun Pharmaceutical Industries (0.89%), Hero Motocorp (0.86%), Reliance Industries (0.19%), and Cipla (0.17%) were the major losers in the Sensex.

Mid & Small-cap Space

The BSE Mid and small caps underperformed their larger counterparts gaining 0.21% and 0.18% respectively.

The major gainers in the BSE Midcap were Allcargo Logistics (1.09%), Aban Offshore (0.57%), Alstom India (0.53%), Allahabad Bank (0.3%) and CORE Education and Technologies (0.16%).

The major gainers in the BSE Smallcap were Styrolution ABS (India) (0.76%), Trident (0.76%), Aanjaneya Lifecare (0.58%), Reliance MediaWorks (0.56%) and A2Z Maintenance & Engineering Services (0.51%).

Sectors in Limelight

The IPO index was at 1,775.08, up by 11.89 points or by 0.67%. The major gainers were C.Mahendra Exports (14.12%), Birla Pacific Medspa (3.08%), Acropetal Technologies (1.09%), Aanjaneya Lifecare (0.58%) and A2Z Maintenance & Engineering Services (0.51%).

The FMCG index was at 5,751.82, up by 33.12 points or by 0.58%. The major gainers were Colgate-Palmolive (India) (2.02%), Hindustan Unilever (0.73%), I T C (0.55%), Godrej Consumer Products (0.29%) and Dabur India (0.24%).

The Auto index was at 10,558.79, up by 50.77 points or by 0.48%. The major gainers were Tata Motors (1.44%), Mahindra & Mahindra (1.29%), Maruti Suzuki India (0.58%), Cummins India (0.36%) and Bosch (0.15%).

On the other hand, the IT index was at 5,640.23, down by 13.33 points or by 0.24%. The major losers were Infosys (1.22%), H C L Technologies (0.98%), Hexaware Technologies (0.2%) and Mphasis (0.09%).

Market Breadth

Market breadth was positive with 1,203 advances against 1,063 declines.

Value and Volume Toppers

United Spirits topped the value chart on the BSE with a turnover of Rs. 385.49 million. It was followed by Zylog Systems (Rs. 344.19 million), L&T Finance Holdings (Rs. 298.53 million) and Eicher Motors (Rs. 294.35 million).

The volume chart was led by Zylog Systems with trades of over 5.00 million shares. It was followed by L&T Finance Holdings (4.00 million), Cals Refineries (1.75 million) and Unitech (1.39 million).