Mumbai: The markets opened in green with marginal gain as there was buying interest seen in the telecom and cement stocks. However, metals and oil and gas stocks were trading subdued.
It seems that the markets are in pre-budget rally as it continued its upward journey with modest gain followed by last week's breakout.
At 0956 hours IST, Sensex was up 44 points at 14,447 and nifty was up six points at 4,190.
The gainers during the morning session were Rel Comm, Reliance Energy, Cipla, Guj Ambuja, SBI, Indiabulls, SAIL, Tata Steel, Grasim. However, L&T, Hindalco, HDFC Bank, Hind Zinc, Sterlite Inds, HCL, BPCL, Jet Air were trading under pressure.
Asian stocks traded on a mixed note on Monday, Hong Kong's Hang Seng was up 0.19 per cent or 39.84 points at 20,603.52, Taiwan's Taiwan Weighted gained 0.44 per cent or 34.33 points at 7,811.36, Singapore's Straits Times rose 0.64 per cent or 20.43 points at 3,238.21 and South Korea's Seoul Composite advanced 0.40 per cent or 5.69 points at 1,418.83.
However, Japan's Nikkei plunged 0.91 per cent or 159.39 points at 17,387.72.
The National Stock Exchange's (NSE) S&P CNX Nifty improved by 13.90 points to 4,197.40 from its previous close of 4,183.50.
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