The Sensex ended flat as Infosys fell a recent uptick on the stock was unjustified given concerns over its business outlook, while Mahindra & Mahindra rose to an all-time high on expectations for improving sales during the festival season.
Infosys provisionally fell 1.3 per cent, while Mahindra & Mahindra rose 3.3 per cent after earlier hitting a record at Rs 942.40.
The Sensex provisionally fell 0.05 per cent, while the Nifty ended flat.
Markets @ 10.30 AM (Reuters)
The BSE Sensex gains 0.28 percent, while the Nifty advances 0.29 percent. Gains track higher Asian shares on hopes for a compromise in the US fiscal crisis.
Auto stocks gain on expectations of improving sales during the festival season: Tata Motors gains 1.2 percent, while Mahindra & Mahindra rises 0.7 percent.
Cigarette maker ITC gains 0.7 percent as defensive stocks benefit from caution ahead of winter session of the parliament due to start on Thursday.
Markets @ 09.00 AM (PTI)
The BSE benchmark index Sensex up by over 116 points in the opening trade today, extending yesterday's gains on sustained buying by funds and retailers, tracking a firming trend in the Asian region.
The 30-share barometer which had gained 29.63 in the previous session, added 116.29 points, or 0.63 per cent to 18,455.29.
All the sectoral indices led by realty and auto were trading in the positive territory with gains up to 1.10 per cent.
The wide-based National Stock Exchange index Nifty moved up by 32.60 points, or 0.59 per cent, to 5,604.00.
Brokers said buying by funds and retail investors in line with a firming trend in the Asian region following overnight rally on the US markets on hopes that lawmakers would find a way to avert a fiscal crisis, besides upbeat housing data, influenced the trading sentiments here.
In the Asian region, Hong Kong's Hang Seng rose by 1.02 per cent, while the Japan's Nikkei by 0.49 per cent in early trade today. The US Dow Jones Industrial Average ended 1.65 per cent higher yesterday.