Markets opened on a positive note on Wednesday on the back of global cues. Good buying interest was seen in capital goods, auto, realty, power and IT stocks.
At 9.58 am, the Sensex was up 50 points at 9767, and the Nifty was up 8 points at 2987.
Among the top gainers at the bourses were Suzlon, Rel Comm, HCL Tech, DLF, Unitech, Tata Steel, Tata Motors, L&T, Hindalco.
On the global front US markets closed higher. Asian markets are also trading higher.
US markets up
US markets rallied as investors shrugged off a drop in consumer confidence and cheered the government's efforts to keep General Motors out of bankruptcy by shoring up its finance arm. General Motors rallied 5.6 per cent as the US treasury expanded its bailout to the auto industry, buying $ 5 billion in GMAC, GM's equity in auto- and mortgage-finance arm, and increasing a loan to General Motors by USD 1 billion.
Dow Jones industrial average gained 184.46 points, or 2.17%, to 8,668.39. The S&P 500 index gained 21.22 points, or 2.44%, to 890.64 and the Nasdaq composite index rose 40.38 points, or 2.67%, to 1,550.70.
