Mumbai: The benchmark indices are trading marginally higher on the back of support from financial, realty, capital goods and metal stocks. Buying is also seen in the broader indices.
The Sensex was trading at 9,075, up 60 points and the Nifty was at 2,790, up 15 points. CNX Midcap went up 0.77 per cent, to 3,310, at 0957 hrs IST.
Among frontliners, Suzlon Energy, Unitech, DLF, Zee Entertainment, Tata Steel, HDFC, Reliance Capital, L&T, Tata Communication, ICICI Bank, SAIL and SBI are gainers. However, Wipro, Grasim, Tata Power and HUL lost ground in early trade.
Suzlon Energy jumped 4 per cent, as its subsidiary REpower won 1,250 MW contract from RWE worth 2 billion Euros.
Nagarjuna Construction official said reviewing all Maytas JV projects. Nagarjuna Construction gained three per cent while Maytas lost 2.5 per cent.
HDIL, Educomp, Bongaigaon Refineries are other gainers among midcaps.
Asian markets are trading mixed. Shanghai, Nikkei and Taiwan went up 0.7-0.9 per cent. However, Hang Seng, Straits Times, Kospi and Jakarta fell 0.2-0.95 per cent.
US markets ended flat as gloomy outlook from Fed and dismal housing data overshadowed Obama's Housing Relief Plan. Fed slashed its 2009 outlook, and is projecting that the unemployment rate will rise to between 8.5-8.8 per cent and economy will contract between 0.5-1.3 per cent.
Dow Jones ended flat at 7,555.6 and Nasdaq was down 2.69 points at 1,468. S&P 500 ended flat at 788.4.
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