Markets open marginally in green, ignores weak global cues

PSU, oil, auto shares among gainers this morning

Markets have opened on a flat note in morning deals, shrugging off cues from global markets. The Sensex is up 37 points at 19,497. Nifty is up 6 points at 5,904.

Overnight,the yen slid sharply against the dollar and the euro on Monday after a U.S. Treasury official voiced support for Japan's efforts to boost growth and end deflation.

In Asia, the only markets open were Jakarta Composite, Nikkei and KOSPI Composite up 0.1-2%

Wall Street and world equity markets were little changed in light volume as a lack of major economic news gave investors little reason to push stocks higher.

Stock and other markets showed little reaction to a speech from Federal Reserve Vice Chairman Janet Yellen. Seen as a potential successor to Fed Chairman Ben Bernanke next year, Yellen said the central bank's aggressive and ongoing easing of monetary policy is warranted given the state of the labor market.

The Dow Jones industrial average closed down 0.16 percent, at 13,971. The Standard & Poor's 500 Index edged down 0.06 percent, at 1,517. The Nasdaq Composite Index was off 0.06 percent, to 3,192.

BSE PSU index has added 1% to 7,371. OIl & gas, capital goods, bankex and auto indices are up half a per cent each. However, BSE realty index has slipped 3% in opening deals, exerting pressure on the index. The IT and power indices are also in red.

ONGC has jumped 2% to Rs 315 as the company reported its Q3 numbers after yesterday's trading session where the numbers largely bet forecast even though the net was down 17.5%.

Tata Motors has added 1%, followed by Coal India, Hero MotoCorp and Dr Reddy's. On the other hand, Jindal Steel has slipped 1.3% at Rs 401. Infosys is down 1%, while TCS, Cipla and Wipro followed.

NALCO is up 0.5% at Rs 47.30 on account of announcment that disinvestment of NALCO which could fetch Rs 1,400 crore is likely to hit the market after the Budget to ensure it is not impacted by volatility in the stock-markets.

Luxury hotels operator, Indian Hotels, is up 2% at Rs 63 as the third quarter standalone net profit rose 28 percent year-on-year to Rs 65 crore, even as net sales grew at a slower 4 percent to Rs 545 crore.