Indian Stocks Extend Gains Despite Greek Uncertainty

February 8, 2012 5:28 AM EST

Indian stock markets opened on a positive note and continued to trade in the green on Wednesday supported by a bit of positive Asian cues, in spite of the uncertainty surrounding the Greek debt deal.

The Sensex was trading at 17,759.64 up 137.19 points or 0.78 percent and the Nifty was trading at 5382.75 up 47.6 points or 0.89 percent as of 1:50 p.m. IST.

All of the13 sectoral indices were trading in the positive territory. Realty, Metal, IT and Power gained more than one percent. Realty was the big mover with 3.30 percent with DB Realty and HDIL surging more than four percent. Metals sector was shining with a 1.85 percent gain, led by top gainers Sesa Goa, Hindalco Inds and Jindal Steel.

Index heavyweights Reliance Industries and SBI too were quite supportive. However, Bharti extended the fall after a disappointing Q3. The technology majors Infosys, TCS and Wipro climbed 1-2 percent.

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ICICI Bank fell 1.5 percent after 15.9 million shares of the bank changed hands by means of a block deal today. Dena Bank and Syndicate Bank too gained 2.5 percent. Karnataka Bank was up 1.5 percent.

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