The BSE auto index is the biggest gainer in early trades and is up 3% at 10,295. Realty, capital goods, bankex and metal indices have moved up 1-2% each.
Tata Motors is the top contributor to the Sensex’s upmove. The stock is up 6.3% at Rs 285. Tata Motors, the country’s biggest automobile manufacturer, on Tuesday reported a 41 growth in consolidated net profit at Rs 3,405 crore for the quarter ended December 31, 2011, as robust sales at Jaguar Land Rover (JLR) helped improve margins.
Meanwhile, Reliance has slipped marginally to trade flat at Rs 848.
Among individual stocks, Unitech has advanced 4% on reporting 50 per cent drop in consolidated net profit for the third quarter ended December 2011.