New Delhi: The markets opened on a very strong note taking cues from the Asian peers. Broad based buying was seen in the opening trade and the market breadth was extremely appreciable.
At 0956 hrs, IST the Sensex was up 96 points at 14640 and Nifty was up 20 points at 4316.
Major gainers in the opening trade were Cipla, Rel Comm, HLL, Satyam, Bharti Airtel, Tata Tea, Reliance, Bajaj Auto, L&T, Hero Honda, HDFC bank and NTPC.
Deccan Aviation shot up in the opening trade today with over 6 per cent gain and UB Holding is also doing well.
Stock brokers said the economy reporting a 9.4 per cent growth in GDP in 2006-07, the fastest in almost twenty years, mainly buoyed the trading sentiments.
They said firming trends at other Asian markets was another positive factor.
Major support came in from stocks such as Reliance Industries, BHEL, Larsen and Toubro, Ranbaxy, ITC, Hero Honda, Maruti Udyog, Reliance Communications and Reliance Capital.
Stocks of Deccan Aviation saw hectic activity after reports of Vijay Mallaya's UB Holdings picking up 26 per cent stake in the company.
Deccan Aviation stocks were up by 6 per cent at Rs 155 while UB Holdings climbed 6.5 per cent at Rs 728.40.
Asian markets:
Asian shares were higher today, led by Japan, as the yen's continued weakness against the dollar boosted shares of exporters.
Japan's Nikkei gained 0.63 per cent or 111.79 points at 17,987.54, Taiwan's Taiwan Weighted surged 1.02 per cent or 83.02 points at 8,227.97, Singapore's Straits Times rose 1.30 per cent or 45.80 points at 3,556.93, South Korea's Seoul Composite advanced 1.76 per cent or 29.96 points at 1,730.87 and Hong Kong's Hang Seng was up 0.06 per cent or 11.78 points at 20,646.25.
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