Markets at 10.15 am: Nifty up by 44 points; Metals & Energy stocks gain

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.

Among losers were Auto Stocks including Tata Motors, Maruti Suzuki and M&M. SBI and BPCL were trading marginally lower compared to Monday’s close.

ICICI Direct has recommended a buy call for NTPC  December Future above Rs 167 for a target of Rs 171 and 174. The stoploss is at Rs 165.

Networth Stock Broking expects NSE Nifty to face resistance at 3000 levels.