The benchmark indices edged higher in early trade, hitting a fresh record highs on track of track Asian stocks stability. At 10.18 am, the BSE Sensex was trading up 79.39 points or 0.26% at 30,327.56, while the NSE Nifty-50 index rose 32.65 points or 0.35% at 9,439.95. Realty and metal stocks gained. Broader markets also kept their record highs with BSE Mid-cap index rising up 0.58% and Small-cap trading 0.46% higher.
Mahindra & Mahindra, Tata Steel, Axis Bank and ICICI Bank gained mostly on BSE Sensex, on the other hand, Hindustan Unilever Ltd, Bharti Airtel, and NTPC were losing sheen.
Many companies are going to announce their quarter fourth results today including Asian Paints, Gujarat Pipavav, Arvind and Glenmark Pharma. HCL Tech rose after posting stellar Q4 results.
Meantime, rise in oil prices of more than 3% strengthened by the biggest week drop in U,S inventories so forth this year lifted the global market response, led by the energy stocks. Asian stocks advanced today’s early trade, with a pick up from a record high close on MSCI's global stocks after robust oil price gains buoyed energy stocks globally.
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