Markets Open Higher, All Sectors Positive

The Indian markets have opened positive over strong global cues today after closing flat on Monday. The Nifty is currently trading up by 10 points at 5909 and Sensex is 55 points higher at 19,517. Both the indices are trading up in the range of 0.17%-0.25%.

The advance-decline ratio is in the negative zone in the morning trading session. On the NSE,     483 shares are in positives and 795 shares are trading in the red.

Top 5 NSE Gainers: ONGC is the top gainer at this hour, trading higher by 2.8%, followed by Dr Reddy’s Labs, Bajaj Auto, Coal India and Maruti Suzuki.

Top 5 NSE Losers: JP Associates is the top loser, down by 3.3%. DLF, Reliance Infra and Infosys are also in the losers list so far.

All the sectors are trading in green. Oil & Gas, Auto and Banking are trading firmly positive.

On the global front, most of the Asian markets are closed because of a holiday. The Nikkei market, though, is up by 250 points at this hour.

Buzzers: ONGC is trading up by 2.76% at Rs 317. After a good set of results from the company, one can expect further upward movement in this counter.

Bajaj Auto has been seeing a good momentum over the last few trading days. The stock opened at Rs 2046 and will go on to hit levels of Rs 2070 and Rs 2085.

The 5895-5880 levels will prove to be crucial for the Nifty. Its final support is at 5865, and we may see a further downfall after this level.