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BSE Sensex and NSE Nifty Tips

The BSE  Sensex and NSE Nifty started out on a smooth observe due to lack of domestic cues. ONGC and Coal India topped  the purchasing list, increasing 1.5-1% whereas Tata Motors and Hero Motocorp were top losers among largecaps.

The BSE benchmark increased 17 points to 17,122.41 and the NSE Benchmark was up 3.34 Ponts at 5,196.30.

On the international front, the US markets shifted back in overdue business in the midst of movements, after Ben Bernanke provided a minor sign of further reducing. But that could drive Asian markets higher.
Asian markets were trading lower barring Nikkei. Kospi, Hang Seng and Taiwan Weighted fell 0.5% each. Shanghai and Straits Times were flat whereas Nikkei gained 0.1%.

Back home, there are no major results today. The Indian rupee too was flat at 55.13 against the US dollar.
Among frontliners, ONGC, Coal India, HCL Tech, Wipro, ICICI Bank, Ranbaxy Labs, Sun Pharma, HUL and ITC were gainers in early trade.

The broader markets were flat as the market breadth was neutral.

In the second line shares, Reliance Mediaworks shot up 8.3% as company will sell stake in film, media services division for Rs 604 crore.

Adani Enterprises gained 1.5% on short covering.

Bajaj Finserv was up 1.4% after strong results in first quarter of FY13.

GTL Infrastructure gained 6% as promoters infused Rs 931 crore in company and subsidiary.

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