Mumbai: The markets opened in green with Nifty breaching 6,100 levels and Sensex was above 20,300. The markets had two strong sessions and we have seen a further build up on the gains that they made.
The cues from Asia were mixed, rather quiet with Nikkei and Hang Seng in red and others in green. Midcap space is looking strong giving market healthy breadth.
Major gainers on the indices were BPCL, ONGC, VSNL, Reliance Petroleum, NTPC, Wipro, Suzlon Energy, Reliance, Reliance Energy, Idea Cellular, SAIL. IT stocks like Infosys, TCS are looking a bit soft.
The rupee is trading at 39.4250 against the dollar. Asian markets were trading higher barring Japan's Nikkei Index. The Nikkei 225 average dropped 0.53 per cent or 83.25 points to 15,570.29, after advancing during the last three trading sessions.
However, Shanghai Composite was up 0.66 per cent or 34.30 points at 5,267.65. Hong Kong's Hang Seng down 24 points. Jakarta Composite was up 0.72 per cent or 19.54 points at 2,734.09.
Straits Times rose 0.11 per cent or 3.7 points to 3,476.91. Seoul Composite gained 4.96 points or 0.26% to 1,911.68 and Taiwan Weighted jumped 170.04 points or 2.08 per cent at 8,326.43.
Market Cues:
> FIIs net buy USD 41.5 million in equity on December 24
> Domestic MFs net buy Rs 830 crore on December 24
> NSE F&O OI up by Rs 4988 crore at Rs 1.23 lakh crore
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