Sensex up 100 points; HDFC Bank up 1%

The benchmark indices have erased some of its early gains with IT major Infosys and Tata Motors contributing nearly 36 points to the decline.

The barometer index, Sensex is up 123 points at 25,765 and Nifty is up 34 points at 7,698 levels.

Hindalco has lost nearly 1.5% followed by Infosys and GAIL down between 1-1.5%

On the flip side, HDFC Bank, one of the largest private lenders in India, is up nearly 1% after recordeding an astounding Rs 2,233 crore net profit in the first quarter of the fiscal 2014-15.

The bank's Net Interest Income or NII has been recorded at Rs 5,171 crore on q-o-q basis as against Rs 4,419 crore on y-o-y basis, which according to the experts is quiet satisfactory.

Bank's Net Interset Margin or NIM unchanged at 4.4% on q-o-q basis. Broking revenue up over 70% on y-o-y basis and 30% on q-o-q basis.

Markets continue to trade higher in the early morning trades led by gains in energy major RIL and HDFC twins. At 9.50 AM, The Sensex is up 214 points at 25,855 and the Nifty is up 50 points at 7,714 levels

Anxieties concerning geopolitical tensions surrounding the Israel-Palestine and the Ukraine-Russia conflicts eased slightly as investors shifted their focus to earnings releases and positive merger and acquisition developments.

HDFC Bank

Infosys Technologies Limited

Tata Motors