Indian equities rallied further on ECB bond buying plan andbroad based buying seen in metals, banking, realty and oil & gas stocks.
At 12.47 p.m., the Sensex was trading up 323.56 points or 1.87% at 17,669.83 with 30 components gaining. Meanwhile, the Nifty was trading higher by 94.45 points or 1.80% at 5,332.85 with 48 components gaining.
The 30-share benchmark index, BSE Sensex opened with a gain of 229.52 points or 1.32% at 17,575.79, while the broad based NSE Nifty started with a rise of 71.05 points or 1.36%, at 5,309.45.
Sensex Movers
Reliance Industries contributed rise of 53.38 points in the Sensex. It was followed by ICICI Bank (52.65 points), Housing Development Finance Corporation (28.84 points), Infosys (23.05 points) and Tata Motors (20.81 points).
However, ACC contributed fall of 0.63 points in the Sensex. It was followed by Hero Motocorp (0.95 points), Reliance Communications (1.52 points), Wipro (1.65 points) and Tata Power Company (2.08 points).
All shares in the Sensex packare trading ingreen. Biggest gainers were Tata Steel (4.79%), ICICI Bank (4.17%), Tata Motors (3.93%), Reliance Industries (3.45%), Hindalco Industries (2.51%), and Bajaj Auto (2.32%).
Mid & Small-cap Space
The BSE Mid and small caps underperformed their larger counterparts gaining 1.20% and 0.85% respectively.The major gainers in the BSE Midcap were Allcargo Logistics (2.35%), CORE Education and Technologies (1.74%), AIA Engineering (1.27%), Alstom India (0.61%) and ABG Shipyard (0.49%).The major gainers in the BSE Smallcap were Trident (5.26%), ABG Infralogistics (1.44%), A2Z Maintenance & Engineering Services (1.28%), Aanjaneya Lifecare (0.95%) and Aarti Industries (0.07%).
Sectors in Limelight
The Metal index was at 9,704.09, up by 213.87 points or by 2.25%. The major gainers were Hindalco Industries (2.51%), Hindustan Zinc (1.91%), Jindal Steel & Power (1.72%), Bhushan Steel (0.68%) and Coal India (0.6%).
The Realty index was at 1,538.74, up by 32.35 points or by 2.15%. The major gainers were DLF (3.65%), Housing Development and Infrastructure (2.69%), DB Realty (2.44%), Indiabulls Real Estate (2.06%) and Anant Raj Industries (1.38%).
The Bankex index was at 11,585.91, up by 234.03 points or by 2.06%. The major gainers were Canara Bank(2.25%), Bank Of India (1.99%), Bank Of Baroda (1.35%), Federal Bank (1.06%) and HDFC Bank (0.58%).
The Capital Goods index was at 9,445.17, up by 190.17 points or by 2.05%. The major gainers were ABB (1.98%), AIA Engineering (1.27%), Bharat Electronics (0.98%), Alstom India (0.61%) and BEML (0.39%).
Market Breadth
Market breadth was positive with 1,711 advances against 912 declines.
Value and Volume Toppers
United Spirits topped the value chart on the BSE with a turnover of Rs. 671.90 million. It was followed by State Bank Of India (Rs. 352.82 million), Tata Steel (Rs. 305.72 million) and ICICI Bank (Rs. 280.59 million).
The volume chart was led by Mercator with trades of over 2.31 million shares. It was followed by Cals Refineries (2.05 million), Jain Irrigation Systems (1.81 million) and Gujarat State Petronet (1.57 million).
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