A positive close on Wall Street overnight and the resultant rally in some Asian markets set up a firm start for stocks on the Indian bourses today. Bargain hunting after the previous session's sharp setback too contributed to the upmove.
The BSE benchmark Sensex, which spurted to 18,382.26 in early trades, gaining more than 150 points in the process, is currently up just 37 points or 0.2% at 18,263.48. The Nifty index of the National Stock Exchange is up 8.55 points or 0.16% at 5503.65, more than 30 points off an early high of 5536.40.
Realty, metal, information technology, capital goods and healthcare stocks are trading higher. Select stocks from banking, power and oil sections are also up in positive territory with smart gains. A few stocks from PSU space are up sharply, while FMCG stocks are relatively subdued. Automobile stocks are trading lower.
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