Markets have jumped up with good gains and are trading in positive terrain. Buying interest in technology, oil, telecom, metal and FMCG stocks have given support to the markets though selling pressure has continued in power and capital goods. Market breadth is also turned into positive mode; about 1562 shares have advanced, 1429 shares declined, and 78 shares are unchanged. On the global front, Asian markets ended strong barring Jakarta Composite and Taiwan. European markets are trading mixed.
At 12.42 hrs IST, the Sensex is up 218.59 points or 1.39% at 15968.99, and the Nifty up 59.80 points or 1.26% at 4814.00.
Top gainers were Wipro, Satyam, TCS and Dr Reddy's Labs while losers - BHEL, Maruti, Reliance Energy, Suzlon and ABB.
Technology and oil stocks are on buying spree, trading strong. The BSE IT and Oil & Gas indices were up over 3% and 2%, respectively.
BSE TEck Index was up 1.9%, Metal up 1.3% and FMCG up 0.8% whereas selling pressure continued in power, capital goods and auto stocks; BSE Power, Capital Goods and Auto indices were down 1.5%, 1.2% and 0.8%, respectively.
For the month of Februray 2008, Infrastructure output stood at 8.7% versus 7.6%, steel production at 8.2% versus 13.6% and Coal output at 11.7% as against 6.5% (YoY).
On the primary market front, Gammon Infrastructure was trading at Rs 154.70, down 7.37% as against its issue price of Rs 167.
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