The benchmark Nifty was flat with a positive bias in opening trade amid a choppy trade. The index was consolidating at around previous closing value after a rally seen in previous two days.
Equities are likely to be the best performing asset in the coming decade, says Ridham Desai of Morgan Stanley. "We expect the Sensex to deliver annual returns of 15.3% over the next 10 years. Our view is that the risk-reward ratio for Indian equities will make it the most attractive asset class in the coming decade. We believe that Indian equity returns are likely to be less volatile in the coming decade than in the previous 10 years," he explained.
Among frontliners, ACC, Ambuja Cements, Tata Motors, Bajaj Auto, GAIL, Tata Steel (ahead of numbers), L&T and BHEL were on buyers' radar.
However, Reliance Communications, M&M, HDFC, Jaiprakash Associates, Dr Reddy's Labs, ONGC, Infosys, TCS, Bharti Airtel and Reliance Communications were witnessing selling pressure.
At 9:17 hours IST, the 30-share BSE Sensex was trading at 18,266, up 65 points and the 50-share NSE Nifty rose 14 points to 5,470.
The CNX Midcap went up 11 points to 7,727 and the Nifty Junior gained 24 points at 10,823. About 638 shares advanced as against 253 shares declined on National Stock Exchange.
Midcap & Smallcap space:
Results reaction: Amtek Auto was up 3% while Ispat, Jubilant Life, Deccan Chronicle and Unitech lost 2-4%.
Escorts rose 3% and TVS Motors was up 0.8%. IOB gained 5%.
Reliance Broadcast and Videocon Industries were up 2.5% each.
However, Sun TV lost 3%. HDIL, Reliance Capital and Ashok Leyland fell 0.5%.
Equities are likely to be the best performing asset in the coming decade, says Ridham Desai of Morgan Stanley. "We expect the Sensex to deliver annual returns of 15.3% over the next 10 years. Our view is that the risk-reward ratio for Indian equities will make it the most attractive asset class in the coming decade. We believe that Indian equity returns are likely to be less volatile in the coming decade than in the previous 10 years," he explained.
Among frontliners, ACC, Ambuja Cements, Tata Motors, Bajaj Auto, GAIL, Tata Steel (ahead of numbers), L&T and BHEL were on buyers' radar.
However, Reliance Communications, M&M, HDFC, Jaiprakash Associates, Dr Reddy's Labs, ONGC, Infosys, TCS, Bharti Airtel and Reliance Communications were witnessing selling pressure.
At 9:17 hours IST, the 30-share BSE Sensex was trading at 18,266, up 65 points and the 50-share NSE Nifty rose 14 points to 5,470.
The CNX Midcap went up 11 points to 7,727 and the Nifty Junior gained 24 points at 10,823. About 638 shares advanced as against 253 shares declined on National Stock Exchange.
Midcap & Smallcap space:
Results reaction: Amtek Auto was up 3% while Ispat, Jubilant Life, Deccan Chronicle and Unitech lost 2-4%.
Escorts rose 3% and TVS Motors was up 0.8%. IOB gained 5%.
Reliance Broadcast and Videocon Industries were up 2.5% each.
However, Sun TV lost 3%. HDIL, Reliance Capital and Ashok Leyland fell 0.5%.
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