Indian equity benchmarks rallied smartly in opening trade, with the Nifty inching up gradually towards the 5600 level, supported by strong global cues. Infrastructure, banking, oil & gas, technology, realty and metal companies' shares were pushing up the markets.
Rahul Mohindar, viratechindia.com says that there would be lots conviction in the trading if the market manages to break its resistance at 5600. Mohindar is optimistic that the Nifty is likely to head to 5800.
Among frontliners, Infosys, Sun Pharma, ICICI Bank, Axis Bank, DLF, Wipro, L&T, BHEL, Jaiprakash Associates, ACC, HPCL, Dr Reddy's Labs, Ranbaxy Labs, Reliance Inds, TCS, SBI, Bharti and ONGC were leading the markets higher in early trade.
L&T is likely to be biggest gainer in infrastructure space, according to him. The stock gained over 1%.
Among frontliners, Infosys, Sun Pharma, ICICI Bank, Axis Bank, DLF, Wipro, L&T, BHEL, Jaiprakash Associates, ACC, HPCL, Dr Reddy's Labs, Ranbaxy Labs, Reliance Inds, TCS, SBI, Bharti and ONGC were leading the markets higher in early trade.
L&T is likely to be biggest gainer in infrastructure space, according to him. The stock gained over 1%.
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