Markets trade higher on strong global cues

Markets opened the day in green following strong global cues. The Sensex was trading higher by 79 points, while the Nifty gained 22 points at 9.35 am IST.

Asian shares were up after the data which showed China's manufacturing sector expanded. Strong US factory data also boosted the sentiment. Investors sentiment was also boosted after news that a ceasefire between Israel and the Palestinians.

Among the early gainers in trade were Axis Bank, SBI, Maruti Suzuki and PNB. On the other hand the losers in trade were UltraTech Cement, Sun Pharma, Infosys and ITC.

Among the sectoral indices on BSE, Realty, Bankex, Auto and Healthcare were leading the rally. However, it seems that Reality stocks may fall, if FDI in multi-brand retail becomes a major issue.

Markets eye parliament's winter session which is all set to begin today.

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