Markets steady ,smallcaps midcaps outperform

As compared with yesterday, the markets opened today with a sharp upward gap,tracking the firm global markets.The markets are trading firm in resumed trade after sun outage.
At 12.55 pm the sensex is up 236 points at 12766,while Nifty is up 62 points at 3703.

ITc,Dr. Reddy's and Infosys are among the top gainers.Cigarette major ITC jumped 5.46% to Rs 150.65, on high volumes of 9.98 lakh shares, and was the top gainer. The stock surged on reports that its food unit is likely to bid for Patak's, UK, which is valued at about 200 million pounds ($387 million). Patak's, a 50-year-old family-owned company, makes a range of ready-to-eat Indian foods, cooking sauces, snacks, spices and pickles, and is a supplier to shops and restaurants worldwide.

Reliance Industries (RIL) rose 1.3% to Rs 1320, on reports in a section of the media that it had inched closer to signing a memorandum of understanding (MoU) with the $49 billion US-based Dow Chemicals, to set up a joint venture (JV) company for the latter to transfer assets from its commodity plastics and chemicals business to the JV.