Markets Trade Higher, Yes Bank, MindTree Gain

The market frontline indices opened flat to positive note with tracking global cues on Wednesday. The BSE benchmark Sensex is trading up by 90-pts to 39,221-level, while the NSE Nifty50 trades at 11,689-level, with a gain of 26-pts at  at around 10.15am.

UPL, YesBank, Zee Entertainment, HCL Tech and KOtak Bank were among the top Nifty50 gainers, whereas GAIL, Coal India, Dr.Reddys, NTPC and ONGC were among major losers.

Among sectoral indices, except Nifty Pharma, all the sectoral gauges are trading with  gains, where Nifty media leads the high, up by 1.51% led by PVR (+2.66%) and Hathway Cable & Datacom (+2.06%)

Among specific stocks, HDFC AMC rose over 6% to Rs.2111-per share after the company on Tuesday reported a 42pc rise in its net profit on an increase in assets under management.

Shares of Tata Elxsi trade lower by 2.41% ahead of Q1 result release today.

Shares of Suzlon Energy declined 3.23% after missing payments on bonds.

Shares of Mindtree up by 0.88% and Wipro gains mildly higher by 0.19% ahead of their Q1 earnings today.

Shares of Yes Bank also gains 1.73% ahead of earnings reports today..