Market update.

Tuesday, Indian markets commenced trading in positive territory on the strength of heavyweights across the board. The weighted BSE Sensex gap up opened a whopping 154 points at 14,028.47 and the NSE S&P CNX Nifty commenced flat at 4,001.25.

Currently, the Sensex is trading at 13,935, gaining 61 points, while the Nifty is up 16 points at 4,014. Investors are showing buying interest for stocks in the IT, cement and pharma sectors.

Among the Sensex stocks, Tata Steel, Wipro, Ranbaxy, HDFC bank and L&T are gaining almost a percent each. On the other hand, HDFC and ONGC are trading marginally lower.

At the NSE, GSK Pharma and Gujarat Ambuja are spurting more than 1.5% each. HCL Tech, BPCL and L&T are rising over a percent each. However, HDFC is declining 1% and is trailed along by Tata Motors and GAIL with a drop of over 0.5% each. ACC and Cipla are down about half a percent each.

The market breadth is in support of the gainers, who are leading the losers in the ratio of 28 to 2 at the Sensex and in the ratio of 45 to 5 at the Nifty. At the broader markets also, the advances are maintaining a comfortable lead over the decliners.