The markets have shown good bounce back on the back of strong buying support from oil, capital goods, technology, power and some metal stocks. Market breadth improved as 931 shares advanced while 281 shares declined on the NSE. Midcap and small cap stocks are witnessing buying interest. On the global front, Asian market ended mixed and Europen markets trading lower.
At 14.20 hrs IST, the Sensex was up 153 points at 15,944, and the Nifty up 50 points at 4797. About 1882 shares have advanced, 671 shares declined, and 520 shares are unchanged. The Midcap and Small Cap indices were up over 1%.
Top gainers on the bourses were Reliance Energy, TCS, Reliance Industries, Cairn India and Reliance Petroleum while losers - Bharti Airtel, Ranbaxy, HDFC Bank and Suzlon Energy.
Reliance group stocks are trading with strong buying support and are the most active counters on the bourses.
The BSE Oil & Gas Index surged over 3.3% and Capital Goods Index up over 2%. Power, IT and Metal indices were up more than 1.5%.
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