Samavat 2068: Sensex trades with moderate gains

The BSE benchmark was trading with moderate gains on the day of Samavat 2068, supported by capital goods, FMCG and auto stocks. Heavyweights SBI and Bharti too were quite supportive. Global markets look optimistic ahead of the European Union Summit today at 8 pm. The 30-share BSE Sensex rose 48 points to 17,302.95 and the 50-share NSE Nifty gained 13 points to 5,204.65.

The Nifty November futures were trading with 27 points premium on first day of series.
Among the largecaps, L&T, SBI, Bharti Airtel, Sterlite, BHEL, Tata Motors and Coal India moved up 1-1.5%. Hindalco was the biggest gainer, rising 2.7%.
ITC, HDFC Bank, HUL, Hero Motocorp, Maruti and NTPC rose 0.4-0.9%.
However, the selling in Infosys, ICICI Bank, ONGC, Wipro and Reliance Industries has limited the upside.
WWIL, Moser Baer and DB Realty rallied 4% each.
On the global front, European markets like France's CAC, Germany's DAX and Britain's FTSE rose 0.3-0.5%. Even the Dow Jones futures gained 75 points. At 16:49 hours IST : Samavat 2068: Nifty holds 5200; FMCG, capital goods up
The NSE benchmark kickstarted the auspicious Mahurat trading above the 5200 mark led by FMCG, auto, capital goods, metal and select banks stocks.
The 30-share BSE Sensex moved up 68 points to 17,323.44 and the 50-share NSE Nifty rose 19 points to 5,210.4 on Samavat 2068.
Among frontliners, Sterlite, Bharti Airtel, SBI, Axis Bank, Hero Motocorp, BHEL, Coal India and Cipla were leading the markets today.
However, Sesa Goa, ICICI Bank, M&M and Infosys were on sellers' radar.
The CNX Midcap Index went up 50 points to 7,060.
Jaypee Infra, Delta Corp and Titan Industries gained 1-3%.
Bajaj Hindusthan and Shree Renuka Sugars were up 1% while Balrampur Chini fell 2%.
SREI Infrastructure up 1%. AP Paper rallied 5%. TV18 Broadcast rose 3%. Global cues
European markets were trading flat ahead of EU Summit for solution to debt crisis.
Asian markets closed higher. However, only Nikkei ended lower.
The US equity markets ended sharply lower on Tuesday on doubts over solution to the European debt crisis in the today's EU meet.
The Dow Jones industrial average lost 205.18 points, or 1.72%, to 11,708.44. The Standard & Poor's 500 Index fell 24.96 points, or 1.99%, to 1,229.23. The Nasdaq Composite Index dropped 61.02 points, or 2.26%, to 2,638.42.