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Nifty above 5300. Midcaps move.

Markets are trading in the green in the early trade, as the stocks from the CNX midcap and Nifty junior indices move up as well. Stocks from the IT and Banking space have also moved up.

The Nifty holds at 5308, up by 42 pt or 0.8% at 10:08 AM.

The CNX IT index has shot up by nearly 1%. Infy is 1% above its previous close, while Wipor and TCS maintain 0.7% gains.

State run banking giant SBI has jumped by 1.3%. ICICI Bank holds a gain of 0.8%.

Metal counters have also seen the surge. Hindalco leads with 2.3% gains. Sterlite gained 2.8%. SAIL has recorded a gain of 1.7% while Tata steel is up by over 2%.

The CNX Midcap index has impressively moved up by over 1%.

IVRCL Infra (IVRCLINFRA) has gained 4.5%. JSW steel is up by 3.3%. Crompton greaves (CROMPGREAV) is up by 1.2%. HDIL, from the realty space is up by 2.5%.



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