In a surprise move, Indian Stock markets have gone opposite to the global weakness. The stock market started inching up during the morning session. At 11.03, BSE Sensex was up by 160 points at 14948. NSE Nifty was up by 51 points.

Among major gainers on NSE were, ONGC (up by 1.6%), Hindalco (up by 3.2% at Rs 104), Siemens, M&M, DLF, Larsen & Toubro, Jindal Steel and Suzlon Energy.

Among major gainers on BSE were, Jaiprakash Associates, SBI, Maruti Suzuki, Tata Steel, ICICI Bank and HDFC Bank.

Stock markets across the world have shown negative trend due to poor consumer sentiment reports from United States. Hang Send was down by 61 point, FTSE down by 68 points, CAC down by 75 points and Dow Jones down by 186 points. Shanghai Composite was marginally up after a free fall yesterday.

Indian markets may manage to close higher today if European markets open positive.