At 11:29AM, the S&P BSE Sensex is trading at 27,424 up 52 points, while NSE Nifty is trading at 8,240 up 18 points.
The BSE Mid-cap Index and BSE Small-cap Index was trading up at 1%.
Auto, Consumer Durables, Power, Capital goods, FMCG, Healthcare, Metal, Realty, Oil and gas indices are the gainers, while IT,Bankex, Teck indices are losers.
Coal India, ONGC, GAIL, Bajaj Auto, ITC, Bharti Airtel are among the gainers, whereas ICICI Bank, Hindalco, Infosys, Tata Motors, Axis Bank are losing sheen on BSE.
According to reports, the government is planning to reduce the minimum alternate tax (MAT) on special economic zones (SEZ) from 18.5% to 7.5%. The move is expected to be announced in the Budget for next financial year.
Mahindra & Mahindra (M&M) has lined up close to a dozen launches for the New Year. Maruti Suzuki and Hyundai Motor also also lining up UV launches. Meanwhile, manufacturers are finalising production plans based on current trends, and most players say they are planning to roll out a higher number of petrol cars in 2015, says a report.
Infosys is in the midst of putting together a staff appraisal practice that includes some of the best practices followed at new-age companies, including Google and Facebook, and will start evaluating employees from October next, a report said.
On the political front, the Bharatiya Janata Party is poised to win the Delhi assembly polls comfortably, but the people of Delhi want Arvind Kejriwal as their chief minister, says a report.
The finance ministry is planning to rush through a Cabinet note seeking permission to sign an accord with the US on exchanging investment information before a December 31 deadline, ahead of President Barack Obama's visit to Delhi at the end of January, a report stated.
Wipro founder Azim Premji's Premji Invest, a family office specialising in private equity and venture capital investments, will purchase a 1 per cent stake in India's HDFC Standard Life Insurance for Rs 185 crore, valuing the firm at Rs 18,500 crore.
Shares of DLF Ltd was up 2% at Rs134 on reports that the company has explored options to monetize some commercial assets worth about $500 million or Rs 3,000 crore.
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