Tata Motors gain; Sensex, nifty tedious

Overview 

Tata Motors, BHEL, Mahindra & Mahindra, Tata Steel, Bajaj Auto, Jindal Steel and Larsen & Toubro are top gainers in early trade, up 0.8-2 percent.

Rakesh Arora, says India's magnificent return of 36 percent in 2014 year-to-date has been driven by 15 percent PE re-rating and 19 percent forward EPS growth.

Indian stock-index futures swung between gains and losses after benchmark indexes declined for a second day yesterday.

SGX CNX nifty index futures for December delivery rise 0.1 percent to 8,573.5 at 9:47 a.m. in singapore after getting down as much as 0.2 percent. The underlying CNX Nifty Index dropped 0.4 percent to 8,524.70 yesterday. The S&P BSE Sensex also lost 0.4 percent. The Bank of New York Mellon India ADR Index of U.S.- traded shares slid 0.1 percent.

BHEL exceed the buying list, up more than 3 percent followed by State Bank of India, 

Mahindra & Mahindra and NTPC with more than a percent gain.