Indian Stock markets have opened strong on Wednesday. NSE Nifty was trading 44 points higher at 2828 while BSE Sensex was up by 136 points at 9298. Tata Communications was among major gainers in todays trade. The stock was trading up by 7% followed by Sterlite, SAIL, DLF and Reliance Communications.

Tata Steel gained further ground. The stock was trading Rs 7 higher at 203. Reliance Industries was also helping BSE Sensex. The stock was up by Rs 27.

Among other gainers were Grasim, Wipro, Reliance Infra, GAIL, ICICI Bank, ABB, Satyam Computers, NALCO, Unitech, Suzlon Energy, HCL Tech, Ranbaxy Labs, Cipla, NTPC and Reliance Petro.

Indian Stock markets gained further ground at 1 pm. The markets were trading lower an hour back as some selling was witnessed at higher levels. All sectors were trading higher today. While selling at higher levels has caused markets to slide, but some select counters are still holding strong.

NSE Nifty gained further and has managed to gain 91 points compared to previous close. BSE Sensex gained 303 points.

Reliance Infra was major gainer with stock trading Rs 34 higher at Rs 566. The stock touched an intraday high of Rs 571.7 on BSE. Other gainers included HDFC, Reliance Communications, SBI, ITC, NTPC, L&T, Sterlite and ONGC.

Jim Walker of Asianomics feels that India will outperform. However, Jim expects Indian GDP to remain in range 3-5%. Jim also expects that there may be further sell off in Indian markets. The valuations will become attractive and will offer decent returns.

Tata Power touched an intraday high of Rs 705. The stock however declined from day’s high and was trading at 695.

Networth Stock Broking has suggested a strong resistance for NSE Nifty in 3000-3100 range. US Stock markets ended positive and Asian markets are expected to open strong on Monday. Indian Stock markets may also open with a wide upward gap on Monday.

As per figures from exchange, stocks worth Rs 4.5 crore were sold by FII in cash market on Friday. Domestic Institutional investors sold stocks worth Rs 184 crore in cash market.

Network Stock Broking analysts believe 2510 and 2492 as a strong support level for NSE Nifty.

Amid a cautious start, Indian equities continued to trade positively but on a flat note.

Global signals are fairly positive and there are expectations that the government will shortly declare a strong stimulus package to boost up the financial system.

Realty, consumer goods and banking stocks went up, whereas consumer durables and metal stocks turned down.

BSE Midcap and Smallcap index gained 0.65% and 0.61% respectively.

After a smart opening today, Indian equities slipped into the negative terrain due to heavy selling pressure in select IT, realty, auto and FMCG stocks.

However metal and consumer goods stocks gained ground. BSE MIdcap and Smallcap index rose 0.55% and 0.27% respectively.

At 10.50 a.m., the 30-share index Sensex lost 95.21 points at 8,644.03 after hitting a high of 8,854.81 and a low of 8,620.71.