It has been a day of absolute strength for markets led by the frontliners. Heavy buying seen in scrips across sectors. Both Sensex and Nifty up over 4.5% each. The broader markets are also follwing the suit and the midcap index is trading with a bump up of 4%. Sensex has breached 16,000 mark while the Nifty is above 4800 levels.
The breadth is positive with midcap and smallcap indices trading firm. All the BSE sector indices are in green; IT, realty, bank stocks are among the top gainers of the day.
BSE Realty index is up 7.5%; BSE bankex is up 6%, midcap index index is up 4.2% and smallcap index is up 3.5%.
Most of the Asian markets ended in green as US market picked up another triple-digit gain yesterday with the Dow gaining 187 points.
At 12.23 hrs IST, the Sensex is up 692.62 points or 4.53% at 15982.02, and the Nifty up 206.50 points or 4.48% at 4816.35.
About 1950 shares have advanced, 1051 shares declined, and 59 shares are unchanged.
JP Associates, Reliance Energy up over 10%, followed by DLF, Unitech, ICICI Bank, Tata Power, TCS were up 8% each. Infosys, Satyam, Reliance Communication were up over 6%. Tata Steel, SAIL, Unitech are among the gainers up over 5% each.
HCL Tech, HDFC Bank, BHEL, ABB, L&T, Hindalco were among the other gainers.
Axis, DLF, JP Associates, HDFC, Reliance and ICICI Bank are among the most active stocks on the bourses.
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