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Markets move ahead. Rupee declines.

The BSE Sensex rose 114.41 points to 18,740 and the NSE Nifty went up 32 points to 5,696.25. But the rupee fell by 26 paise to 53.82 against the US dollar.

Shares of Reliance Industries, Wipro, Dr Reddy’s Labs, Hindalco, ITC, Tata Steel and Tata Power gained 1-1.5 percent.

Tata Motors, HDFC, HDFC Bank, Bharti, ICICI Bank, TCS, State Bank of India, ONGC and M&M were up.

Hindustan Unilever shed another 0.3 percent following disappointing volume growth in Q2FY13.

Infosys, Sterlite Industries, Sun Pharma and PNB were under pressure. BHEL erased early gains immediately ahead of quarterly earnings today.

The BSE Midcap Index rose 0.4 percent and Smallcap went up 0.6 percent. About two shares advanced for every share declining on the National Stock Exchange.

All UB group stocks caught in bear grip following a statement to Reuters by the promoter Vijay Mallya saying he would not sell priced assets to save Kingfisher Airlines.

United Spirits tanked 5 percent and United Breweries Holdings lost 8 percent. United Breweries was down 4 percent. Kingfisher gained 5 percent.



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