Markets remain firm, Nifty hovers around 7,900; Tata Motors surges over 2%

Markets have gained strength in the morning trades well supported by the buying in index heavyweights such as Reliance Industries, Tata Motors, and Infosys.

At 10:30 AM, 30 share Sensex was at 25,967 levels, up by 130 points while the Nifty50 was at 7,899 levels, up by 38 points.

Reliance Industries advanced nearly 1% as its telecom arm- Reliance Jio launched its 4G services for its employees.

The top gainers on the Sensex are Tata Motors, ICICI Bank, Sun Pharma, Reliance Industries, and Infosys, up between 1-2.1% each.

The top losers on the Sensex are Axis Bank, HDFC Bank, Asian Paints, Bharti Airtel, and Tata Steel, down between 0.2-1.6% each.

Markets have commenced the last trading week of the year on a tepid note following mixed cues from the Asian peers.

At 9:30 AM, 30 share Sensex was at 25,967 levels, up by 130 points while the Nifty50 was at 7,897 levels, up by 35 points.

Meanwhile, markets are expected to remain volatile ahead of the expiry of December derivatives contracts, as traders roll-over positions to the January 2016 series.

Also, in absence of any immediate economic trigger, investors would keenly track global crude oil and metal prices.

Auto shares will also remain in focus ahead of their December sales figures that would be announced starting from January 1, 2016.

"On the downside if the Nifty sustains below 7,820 zones, then the positive momentum may fizzle out and the index may again stuck in the trading range with the downside support of 7,750 - 7,725," said a morning nore from Anand Rathi Research.

Tata Motors