Equity clawed back on the back of short covering, which was imminent after selling seen in previous five sessions. The Nifty inched up above the 5450 level. But there was a bit of profit booking at higher levels. Global cues were quite supportive in early trade - the US markets closed above psychological levels on Tuesday.
Among frontliners, Tata Motors, Reliance Industries, NTPC, TCS, SBI, ICICI Bank and Sterlite Industries were gainers in early trade.
However, Tata Steel fell 0.75% to Rs 627 as against issue price of Rs 610 a share. The company listed its 5.7 crore shares on exchanges, which issued via follow-on public offer in January.
Bharti Airtel tanked over 3% following disappointing numbers but managed to showed smart recovery in few minutes after opening trade.
At 9:17 hours IST, the 30-share BSE Sensex was trading at 18,222, up 200 points and the 50-share NSE Nifty was at 5,470, up 53 points.
The CNX Midcap rose 66 points to 7,842. About 592 shares advanced as against 95 shares declined on National Stock Exchange.
However, Tata Steel fell 0.75% to Rs 627 as against issue price of Rs 610 a share. The company listed its 5.7 crore shares on exchanges, which issued via follow-on public offer in January.
Bharti Airtel tanked over 3% following disappointing numbers but managed to showed smart recovery in few minutes after opening trade.
At 9:17 hours IST, the 30-share BSE Sensex was trading at 18,222, up 200 points and the 50-share NSE Nifty was at 5,470, up 53 points.
The CNX Midcap rose 66 points to 7,842. About 592 shares advanced as against 95 shares declined on National Stock Exchange.
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