Markets opened on a strong note with the Sensex up 103 points at 18,452 and the Nifty added 30 points to start at 5,584 on account of the gains in heavyweights like ICICI Bank, HDFC, Reliance Industries and L&T.
World stocks fell on Thursday as manufacturing reports from the euro zone, China and the United States showed factory activity remained lacklustre, evidence of sluggish growth globally.
All the sectoral indices started in the green. The top gainers in the opening trades were Capital Goods, Realty and Bankex indices up 1% each. Auto, Health Care, Power, PSU, FMCG and Consumer Durables indices up 0.6% were the other sectoral gainers.
ICICI Bank, BHEL, L&T and Bharti Airtel up 2% each were the top Sensex gainers. The other movers included SBI, Sterlite, Tata Steel, Sun Pharma, HDFC, Mahindra & Mahindra and Maruti Suzuki up 1% each.
The only losers among the Sensex stocks were Jindal Steel, Tata Power, HDFC Bank and Gail India starting down 0.1-0.8%.
Among other stocks, Reliance Communications rose more than 4% at Rs 59 after the wireless carrier increased mobile phone call prices by about a quarter in four telecom zones.