Modest gain for equity markets in early trade

MARKETS OPEN: Sensex opened with a gain of 13.63 points at 12,948.05.

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At 0956 hrs IST, the Sensex was up 647 points at 14,751.

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• Markets surge in early trade after UPA wins trust vote
• Markets open in red, Sensex below 17,500
• Markets end week on a high, gain 584 points

Keywords: Stocks, Shares

New Delhi: Indian equity markets were trading with a modest gain early on Wednesday after a mixed opening. Metal and capital goods stocks are also in demand.

The 30-share benchmark index of the Bombay Stock Exchange (BSE), the Sensex, opened with a gain of 13.63 points at 12,948.05. Ten minutes into trading, it reached 13,118.94, a gain of 157.26 points or 1.21 percent from its closing figure on Tuesday.

At the same time the S&P Nifty index of the National Stock Exchange was trading at 3,935.20 points with a gain of 38.45 points or 0.99 percent from its last close.

The market breadth was positive. On BSE 747 shares advanced, 622 declined and 36 remained unchanged.

Satyam Computers, Wipro Ltd and Reliance Communication were among the top gainers while DLF, ICICI Bank and Grasim Industries were among the top losers in initial trade.

BSE IT index, advanced 82 points or 2.1 per cent, is the biggest gainer among the sectoral indices.

Other Asian markets were trading lower.