Sensex rises over 150 points; Nifty above 10200

Indian stock markets are likely to open flat on Friday with the SGX Nifty trading 7 points higher at 10208.50 on Singapore Exchange. The broader Nifty too put up a strong show by notching up gains of close to 1%. On a closing basis, the BSE Sensex surged 0.91 per cent to 33,250.30 points.The BSE market breadth was bullish - 1,584 advances and 1,116 declines.

Other losers included Tata Steel, NTPC, Dr Reddy's, ONGC, Power Grid, Bajaj Auto, L&T, M&M, Asian Paints, HDFC Bank, HUL, Lupin, Coal India, ITC, Tata Motors, Axis Bank, Maruti Suzuki and Infosys, falling by up to 1.71 per cent.

Money managers believe that the focus will continue to be on the Gujarat polls in the days to come and is likely to keep the market on edge.

Among the Sensex constituents, telecom giant Bharti Airtel secured podium finish, ratcheting up 6.08%.

Among sectoral and industry indices, consumer durables jumped by 2.72 percent, FMCG 2.70 percent, oil&gas 2.68 percent, teck 2.61 percent, IT 2.05 percent, auto 1.48 percent, realty 1.36 percent, healthcare 1.21 percent, metal 0.76 percent, bankex 0.75 percent, capital goods 0.74 percent, IPO 0.70 percent and power 0.26 percent.

Overseas, the Asian markets saw the shares of most of the companies decline, since investors across the globe have an eye on the final tax legislation in the United States, where policy uncertainty kept sentiment in check.

Meanwhile, foreign portfolio investors offloaded shares worth net Rs 333.59 crore, while domestic institutional investors (DIIs) bought shares to the tune of Rs 776.18 crore on Tuesday, as per provisional data.

Major Asian indices closed higher.

In the Asian region, Japan's Nikkei rose 1.39%, Hong Kong's Hang Seng gained 1.19%, while Shanghai Composite Index gained 0.55%.

Gold prices drifted lower by 0.27 percent to Rs 28,589 per 10 grams in futures trade today as participants cut their bets amid a weak global trend.

  • Essie Rivera