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Nifty gains over 1%.

Markets have opened with a positive bias today. The Sensex has crossed the 17K mark once again, and is up 170 points at 17,009. Nifty is up 52 points at 5,152.

BSE metal index has gained 2% to 10,193 taking cues from the London Metal Exchange. FMCG index is up 1.3% at 4,978 on hopes of a good monsoon pick-up. IT, auto, oil & gas indices are up around 1 each. However, BSE realty index is down 0.8% at 1,569. Capital goods ad PSU indices are marginally in red.

ICICI Bank is up 2.2% at Rs 949. The company reported a net profit of Rs 1,815 crore for the quarter ended June 2012, up 36.2 per cent YoY from Rs 1,332.2 crore on Friday. Tata Motors, Sterlite and Bharti Airtel have gained 1.5% each. Among other gainers are Tata Power, Cipla, Sun Pharma and BHEL.



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