A volatile start to the markets today with the Sensex opening in red but soon rebounding after HCL posted robust numbers. With the RBI meet a few days away, the attention will continue on the results.
Yesterday the markets had ended flat after RBI Guvernor Subbarao said that monetary easing is difficult since inflation is still high.
At 9:32 am, the Sensex was 0.10 percent higher at 19837 while the Nifty was up 0.12 percent at 6009.
Bajaj Auto stock is up nearly 1 percent, a day after the automaker's Q3 margin slipped while profit met estimates.
DLF is up 1.19 percent after the Economic Times reported that the real estate major has sold its windmills in Gujarat, Tamil Nadu, Karnataka and Rajasthan under a two-phased "slump sale".
Meanwhile, in a pre-budget meeting with finance minister P Chidambaram, India Inc demanded that the ministry does not introduce any new or higher taxes.
Chidambaram has indicated that he will outline amendments to the Constitution on the Goods and Services Tax (GST) in his Budget speech. He told states that there needs to be consensus among them on tax reform.