Sensex above 17k level; Cairn up

The Indian benchmark indices opened above 17k level ahead of last expiry session of derivatives contracts of January, amid profit booking by funds and retail investors boosted the sentiment.

At 10.01 am IST, the 30-share BSE Sensex was trading at 17026.30 up by 30.53 points or 0.18% and NSE Nifty was trading at 5131.95 up by 4.60 points or 0.09%.

In Asia, firm trend was seen and most of the market were trading in positive terrain, the Nikkei 225 was up by 106.55 points and was at 8891.78. The Hang Seng was up by 167.42 points and was at 20,110.37.

Among sectoral indices on BSE, most of the sectors were trading in positive terrain except Consumer Goods and Bankex.

Metal, Consumer Durables, PSU, IT were leading the rally.

On the National Stock Exchange (NSE), the top volume gainers were Ster, Tata Steel, Cairn, Sail and Tata motors posted gains between 1.87%-2.65%

Cairn India, now a part of the Vedanta Group, a globally diversified natural resources group, posted net profit of 12% and shares were trading higher at Rs 357 up by 5.70 points or 1.62%.

And the loser in morning trade were ICICI Bank, Kotak Bank, Hero Motocop, Jindal Steel and L&T.

GoodReturns.in