Indian equity benchmarks gained strength following a win of Barack Obama as 44th President of the United States of America, but the US markets seem disappointed with these results as the Dow Jones futures lost 55 points.
The 30-share BSE Sensex gained 57.30 points at 18,874.68 and the 50-share NSE Nifty rose 17 points to 5,741.15. Even the Indian rupee was up by 31 paise to 54.12 against the US dollar.
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Country's largest lenders State Bank of India and ICICI Bank topped the buying list, rising 1.35 percent each while housing finance company HDFC went up 0.75 percent.
Commercial vehicle maker Tata Motors extended gains to 1 percent ahead of second quarter numbers.
Technology majors saw buying interest following US elections outcome. Infosys, TCS and Wipro were up 0.4-0.8 percent.
Among metals stocks, Tata Steel, Hindalco Industries, Sterlite Industries and Jindal Steel climbed 1 percent each.
Index heavyweight Reliance Industries and private sector lender HDFC Bank slipped 0.2 percent, limiting the upside of market. FMCG major Hindustan Unilever fell 0.7 percent.
Private power producer Tata Power remained under pressure, losing over 1 percent following weak second quarter numbers.
In the second line shares, DB Realty, Apollo Hospital, Berger Paints,
Anant Raj Industries and J&K Bank rallied 3-6 percent while Chennai Petroleum, Tata Communications, Allcargo, Blue Circle and Era Infra Eng lost 1-3 percent.
Anant Raj Industries and J&K Bank rallied 3-6 percent while Chennai Petroleum, Tata Communications, Allcargo, Blue Circle and Era Infra Eng lost 1-3 percent.
Advancing shares outnumbered declining by a ratio of 1331 to 647 on the Bombay Stock Exchange.
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