Sensex climbs over 100 points, Nifty50 above 10,500; Cipla surges 5%

NEW DELHI: Setting aside multiple worries, key stock indices here on Thursday opened positive in spite of subdued global signal.

IT stocks -- Infosys and TCS -- and private lenders such as HDFC, Axis Bank and HDFC Bank took the front row.

At 9.20 am, the BSE Sensex was trading at 34,156.09, up 0.22 per cent, before notching up 100 points in early trade. The NSE barometer rose 0.19 per cent to 10,496.15.


Asian shares were hovering near six-week lows.

Infosys rose 1.24 per cent on the BSE. Hero MotoCorp, Dr Reddy's, Coal India, Axis Bank and ONGC jumped. Sun Pharma lost as the stock fell 1.95 per cent. Power Grid, NTPC, Asian Paints and Tata Steel declined too.

On the higher side, 10,600-10,650 shall continue to act as a crucial resistance zone, said Gaurav Ratnaparkhi, Senior Technical Analyst, Sharekhan.

"The parameters that earlier acted as supports during the fall are now posing as hurdles for the benchmark index. Overall, the technical setup suggests that the index is likely to tumble towards 10,070-10,030 in the short term with an intermediate support at 10,276," Ratnaparkhi said.

Galaxy Surfactants is slated to make market debut on Thursday. The Rs 937-crore IPO by the specialty chemicals manufacturer, which ran on January 29-31, was subscribed 19.96 times.

ACC, BHEL, SAIL, CESC, ABB, Andhra Bank, Glenmark Pharma, JP Power, Page Industries, Torrent Pharma and Trent are due to announce their quarterly earnings on Thursday.