Indian
stock indices climbed in early trades on Wednesday, taking a cue from the late
rally in US peers, as investors gathered some courage to buy beaten down shares
after a five-day drubbing. The imposition of import duty on iron, steel and soya
oil, coupled with the Government's promise to do more also perk up the
mood.
At 10:09
am, the BSE Sensex was up 190 points or 2.1% at 9,128 after opening at 8,970.
The BSE Small-Cap and Mid-Cap indices were up 0.4% and 0.8%, respectively. The
NSE Nifty gained 1.8% at 2,732. Yesterday, the Sensex had slipped below 9,000
and the Nifty had dipped under 2,700.
Among the
BSE Sectoral indices, the top gainers are: Metals (3.3%), Oil & Gas (2.6%),
Real Estate (2.6%), Banking (2.5%), Capital Goods (2.4%) and Power (2.1%). FMCG
and Auto indices are up 1.7% and 1.3%, respectively. All BSE indices were
trading in the green.
Prominent
gainers within the Sensex included Sterlite, Reliance Industries, Grasim, Tata
Steel, Ranbaxy, Jaiprakash Associates, ITC, Reliance Infra, ACC, ICICI Bank,
L&T, Hindalco, M&M, BHEL, HDFC Bank, DLF and Tata Motors.
For a
change, there were no losers in the 30-share BSE index.
Outside
the key indices, the top gainers were Jai Corp., NMDC, EIH, Welspun Gujarat,
Deccan Chronicle, Axis Bank, India Cement, Ispat, Unitech, HCC, Great Offshore,
HCL Tech, Chambal Fertilizers, GVK Power, SAIL and Sintex.
Among the
notable losers included BF Utilities, Renuka Sugars, Bajaj Finserve, Mphasis,
Hindustan Zinc, Indiabulls Securities and Dabur India.