Sensex up 100 pts on positive global cues; Maruti tanks 5%

The US markets gained in the range of 0.7-1% yesterday after better-than-expected earnings by Honeywell and Intel amid fears of global slowdown. Asian markets were trading 1-2% higher.

Back home, top car maker Maruti Suzuki crashed 6% on workers' strike.

However, BHEL and L&T gained 1.5-2% as the cabinet is likely to discuss today a proposal to impose 21% duty on equipment imported for power generation.

 JP Associates and Sterlite were up over 2%. Sesa Goa, Hindalco Industries, Tata Power, Tata Motors, SBI, Axis Bank, ICICI Bank, M&M, DLF and IDFC went up over 1%. SAIL, HUL and ITC were up 0.5%.

However, Bharti Airtel was down 0.7% ahead of EGoM tomorrow.

The CNX Midcap Index was up 53 points at 7,408. About four shares advanced for every share declining on the National Stock Exchange.

In the second line shares, Aptech surged 3.75%. Essar Shipping shot up 7% amid large volumes.

Dishman Pharma, Pipavav Defence, Jet Airways and UB Holdings moved up 1.5-2%.

Infrastructure stocks like GMR Infra, Punj Lloyd, Voltas and Lanco Infratech climbed 1-2%.

Shree Renuka, Financial Tech, Dish TV, 3i Infotech and Mahindra Satyam gained 1-3%.