Indian equity benchmarks continued to trend higher on Tuesday morning led by positive global cues. The indices reacted to the 15% jump in Athex (Greek market) Composite on consolidation in the banking industry. There was also a sigh of relief as the damage from Hurricane Irene was less than feared.
Technology, financial, metal, realty and capital goods stocks were seeing buying interest. But investors looked a bit cautious ahead of GDP data today.
The 30-share BSE Sensex was trading at 16,621, up 205 points and the 50-share NSE Nifty rose 62 points to 4,982 led by gains in 45 stocks.
Anil Dhirubhai Ambani Group's stocks like Reliance Capital, Reliance Communications and Reliance Power maintained uptrend; stocks rallied 2-4%.
DLF, HCL Tech and Infosys were up 2-3%. In the financial space, ICICI Bank, Axis Bank, Kotak Mahindra Bank and SBI moved up 1.5-3%.
Among other largecaps, Tata Steel, JSPL, SAIL, Reliance Industries (up 2%), Bharti Airtel, L&T and Tata Motors too were on buyers' radar.
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