At around 10.14 AM, Sensex was trading at 53,014.57 up by 38.77 points or 0.07%. Nifty 50 was performing at 15,868.50 higher by 12.45 points or 0.08%.
Top gainers on Sensex were – Infosys, Titan and Sun Pharma soaring more than 1% each. Asian Paint, NTPC, ITC, Ultratech Cement, HCL Tech and Tech Mahindra climbed between 0.5-1%.
Top bears on Sensex were – SBI plunging nearly 1%, while Maruti Suzuki, Axis Bank, HDFC and Nestle followed tumbling between 0.5-0.7%.
Companies that will be in focus ahead of Q1 results today are - Axis Bank, Kotak Mahindra Bank, Larsen & Toubro, Tata Motors, SBI Life Insurance Company, Vedanta, Alembic Pharmaceuticals, Apollo Pipes, Coromandel International, DLF, Glaxosmithkline Pharmaceuticals, Garden Reach Shipbuilders & Engineers, Jindal Stainless, KPIT Technologies, M&M Financial Services, Navin Fluorine International, Phillips Carbon Black, Ramkrishna Forgings, Sun Pharma Advanced Research Company, Vakrangee, and Zensar Technologies.
Asian stocks traded on mixed note with Hong Kong’s Hang Seng nosediving nearly 795 points. Japan’s Nikkei 225 outperformed by over 320 points. The other markets were muted as the weakness in Chinese technology stocks saw the Hang Seng trade lower which hurt sentiment. Chinese stocks listed in Hong Kong have seen relentless selling following the downtrend in listed US ADR's.
Overnight, on Wall Street, US stocks hit a fresh new all-time high as Dow Jones closes at highest ever level rising over 1,200 points in the last 3-days. Bond yields gain to close at 1.29% even as pessimism on growth remains divided. Oil prices see weakness as OPEC agrees to agree on production as Iran supplies increase.