STRONG BREADTH

Indian equity markets continued to trade in green in late morning session as Brent crude dipped from highs of $118. On the domestic front too the expectation towards DMK issue getting resolved gave some relief to the markets. Meanwhile, most of the Asian markets were trading in green and US Dow future was also trading higher. However investors at large remain watchful today as they scout for attractive bargains after the recent sharp sell-off in equities as oil prices show some signs of cooling in early trade. South Korean benchmark, Seoul composite remained the top gainer in the space as it surged around a percent a day after the index underwent fairly big falls on Monday. Back home, all the sectoral indices remains in green TECk, Realty, IT, CD and Metal indices were up more than one percent each. On the other the broader indices were performing in line with the benchmarks and BSE Mid cap and Small cap indices surged 0.90% and 0.87% respectively. The overall market breadth was heavily in the favour of advances which outnumbered declines in the ratio of 1631:788, while, 108 shares remained unchanged.

Tata Motors is currently trading at Rs 1150.80, up by 23.55 points or 2.09% as the company is planning to launch Tata Indica Vista EV, an electric car based on its largest-selling Indica platform, in the UK, Norway and Denmark soon. First showcased at the Geneva Motor Show last year, the Indica Vista EV has been in the pipeline for a while now. The electric motor of the Vista produces 75 bhp and can do a speed of 128 kph. The Vista EV can go 200 kms on a single charge and it takes 8 hours for the battery to recharge. Though cost of the car was an issue earlier, with Government announcing subsidies the final price tag might be lower than what was thought earlier i.e. Rs 5-6 lakh. The company gave a sneak preview of the futuristic hybrid diesel plug-in technology with its Range-e concept that will debut in Land Rover vehicles sometime in 2013.

The BSE Sensex surged 165.98 points or 0.91% at 18,388.65. It touched a high of 18,455.76 and a low of 18,266.62 respectively.

The BSE Mid cap and Small cap indices surged 0.90% and 0.87% respectively. 

All the sectoral indices were trading in green, TECk up by 1.30% ,Realty up by 1.24%,IT up 1.20%, CD up 1.15% and Metal  up by 1.04% were the top gainer in  BSE sectoral indices space.

The top gainers on the Sensex were Jaiprakash Associates up by 2.98%, Reliance Infra up by 2.65%, Bajaj Auto up by 2.24%, Bharti Airtel was up by 2.16 % and Tata Motors up by 2.11%,

Hero Honda down by 1.36% ,Maruti Suzuki down by 0.61%, L&T down 0.18% and NTPC down 0.17% were the only losers on the index

Sonata Software is currently trading at Rs 33.40, up by 0.50 points or 1.52%, the compnay has launched -- MilEdge -- a car rental management system at the car rental show in Las Vegas, US. It is designed for large and medium car rental organizations and auto-leasing companies. MilEdge is a PCI DSS compliant comprehensive web based solution developed to support all stages of car rental operations, from front counter control to back office management, thereby creating a cohesive and efficient business environment. MilEdge helps car rental companies optimize their IT investments and achieve a faster ROI.

The S&P CNX Nifty increased 33.80 points or 0.62% at 5,496.95.The index touched high of 5526.15 and a low of 5464.75 respectively.

The top gainers of the Nifty were Jaiprakash Associates up by 2.86%, Reliance Infra up by 2.54%, DLF up by 2.27%, Bharti Airtel was up by 2.03% and Tata Motors up by 1.94%.

Hero Honda down by 1.76%, Cairn down by 1.33%, Power grid down 0.82%, NTPC down 0.80% and L&T down 0.68% were the major losers on the index.

The other Asian markets were trading mostly in the green; Hang Seng surged  0.41%, KLSE Composite rose 0.13%, Nikkei 225 gained 0.19%, Straits Times increased 0.50%, Seoul Composite added 0.81% and Taiwan Weighted grew 0.39%.

On the flip side, Jakarta Composite was down by 0.21% and Shanghai Composite lost 0.34%.