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Friday, November 02, 2012

Markets give positive start on strong global cues


The Indian markets ring the opening bell in the green terrain as the global peers look supportive. The Sensex and Nifty are trading with good gains. Buying is visible across the board. Among the 13 sectoral indices, the BSE realty is up 1.5%. Metal, capital goods, bankex, power, auto, FMCG and PSU indices are also up around 1% each. The broader markets are in-line with the benchmark indices. The BSE mid-cap and small-cap indices are up 0.7% each. The overall breadth stands positive. From the earnings front, India's third-largest IT services company, Wipro announces its consolidated net profit of Rs1,610 crore for the quarter ended 30th September 2012. At 10.00 am, the Sensex was trading at 18708.85, 148 points higher and the Nifty was trading at 5689, up by 44 points.