Benchmark Indices are trading slightly higher after making a lower beginning reacting to weak global cues. All eyes are on the November monthly inflation figure to be announced shortly.

Global markets are down as Federal Reserve delivered little hope that it would turn on easing anytime soon and following gloomy retail sales data. Asian markets are trading marginally lower.

Back home, by 1110 the Sensex is up 43 points at 16,046 and the Nifty has gained 10 points to 4,810.

Banks, Capital Goods and FMCG have advanced by nearly 1% each.

Amongst Banks, SBI is the top gainer amongst Sensex 30, surging by 2.45%. ICICI Bank and HDFC Bank have gained by 1%.

In the Capital Goods space, L&T and BHEL have gained by 1%.

However, defensives like HUL and ITC have gained 0.5-1.5%.

In the IT segment, Infosys, TCS, HCL Tech and Wipro are marginally higher as the Indian rupee is trading at around 53.69 against dollar.

Amongst other shares, IFCI fell 3% as Parliament panel finds CEO Atul Rai accountable for suppressing facts.

3i Infotech plunged 3% after lenders and investors shunned debt laden company, reports sources.

Areva T&D crashed 23% on scheme of arrangement.

The market breadth in BSE remains healthy with 1227 shares advancing and 866 shares declining.

Source: Business Standard

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