Markets are witnessing positive trades with the BSE Sensex at 16,714, up 70 points and the Nifty at 5,031, up 12 points. The gains in the opening trades are being led by ICICI Bank, L&T and index heavyweight Reliance Industries.
The midcap index opened up 0.3% in line with the Sensex and the smallcap index, addded 0.2% in the opening trades.
Movers among the Sensex pack are Wipro,ICICI Bank,DLF and Sterlite, up 2-4% each.
Wipro, India’s third-largest software services exporter, reported a 10.4% rise in its consolidated net profit at Rs 1,456 crore in the quarter ended December 31,2011.