New Delhi: The stock markets gained upward momentum for a third straight session on Wednesday with the BSE Sensex rising by 34 points in early trade. The strength in domestic stock markets emerged from the global firmness in stocks.
At 11:11 hours IST, Sensex was up 39.71 points or 0.31 per cent at 12,745.65, and the Nifty was up 6.80 points at 3,704.4. Top gainers on the Sensex were Reliance Energy at Rs 489.55 up 2.81 per cent, ICICI Bank at Rs 842.50 up 2.26 per cent and Hero Honda at Rs 642.50 up 1.13 per cent.
All the major indices were trading on weak note, however banking stocks gained. Pharma and oil and gas index were in the red during opening trade.
Top losers on the Sensex were HDFC at Rs 1,548 down 1.15 per cent, Satyam at Rs 441.40 down 0.96 per cent and Reliance at Rs 1,312 down 0.69 per cent.
Market observers said overnight gains on US markets and firming Asian markets mainly triggered buying in select blue-chip stocks.
The major gainers were ICICI Bank, ITC Ltd, Larsen and Toubro, Tata Steel and State Bank of India. However, Reliance Industries, Reliance Communications and Satyam Computers were in the negative zone.
With inputs from moneycontrol.com
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