Maruti Suzuki shares rose 1.25%, while ICICI Banks scrips were up 1.27% in early trade.
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Representational image File Photo dna Research & Archives
The benchmark BSE Sensex gained over 129 points in early trade today on value-based buying by investors amid positive cues from other Asian markets. However, the markets were trading in red at 10.07 am.
BSE was trading lower by 61 points and NSE by 32 points. Bank NIfty was down by 60 points.
National Stock Exchange (NSE) registered over 1000 declines at 10.10 am. Nifty gained 29.20 points, or 0.35%, at 8,334.45 at opening trade.
Brokers said value-based buying in bluechips after recent losses following disappointing earnings and persistent worries over the controversial Minimum Alternate Tax (MAT) issue along with a firming trend in other Asian markets, influenced domestic trading sentiments.
Besides, expectations of encouraging fourth quarter earnings from bluechips such as Maruti Suzuki and ICICI Bank, to be released later today, buoyed sentiments.
Maruti Suzuki shares rose 1.25%, while ICICI Banks scrips were up 1.27% in early trade.
Among other Asian markets, Hong Kong's Hang Seng was up by 0.66% while Japan's Nikkei gained 0.22% in early trade.
The US Dow Jones Industrial Average closed 0.12% up at record-high on Friday.
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