Indian equities rallied further tracking strong European markets. Capital goods, metal and realty stocks gained ground.
At 1.57 p.m., the Sensex was trading up 327 points or 1.89% at 17,673.27 with 30 components gaining. Meanwhile, the Nifty was trading higher by 94.30 points or 1.80% at 5,332.70 with 49 components gaining.
European stocks rose, extending yesterday"s biggest rally in a month, as investors awaited a U.S. report on payrolls and unemployment. U.S. index futures were little changed.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 56.93 points in the Sensex. It was followed by ICICI Bank (53.5 points), Larsen & Toubro (23.97 points), Infosys (23.4 points) and Tata Motors (22.18 points).
However, ACC contributed fall of 0.3 points in the Sensex. It was followed by Tata Power Company (1.25 points), Hero Motocorp (1.31 points), Reliance Communications (1.43 points) and Reliance Infrastructure (1.99 points).
All shares in the Sensex packare trading in green. Biggest gainerswere Tata Steel (4.72%), ICICI Bank (4.26%), Tata Motors (4.18%), Reliance Industries (3.46%), Larsen & Toubro (2.71%), and Bajaj Auto (2.44%).
Mid & Small-cap Space
The BSE Mid and small caps underperformed their larger counterparts gaining 1.13% and 0.84% respectively.The major gainers in the BSE Midcap were Allcargo Logistics (2.69%), CORE Education and Technologies (2.18%), AIA Engineering (1.27%), ABG Shipyard (0.9%) and Alstom India (0.83%).The major gainers in the BSE Smallcap were A B G Infralogistics (7.95%), Trident (5.85%), A2Z Maintenance & Engineering Services (1.62%), Action Construction Equipment (0.85%) and Aanjaneya Lifecare (0.5%).
Sectors in Limelight
The Capital Goods index was at 9,474.43, up by 219.43 points or by 2.37%. The major gainers were A B B (1.88%), A I A Engineering (1.27%), Alstom India (0.83%), Bharat Electronics (0.75%) and BEML (0.48%).
The Realty index was at 1,539.29, up by 32.90 points or by 2.18%. The major gainers were DLF (4.4%), D B Realty (2.73%), Housing Development and Infrastructure (2.69%), Indiabulls Real Estate (1.72%) and Anant Raj Industries (1.27%).
The Metal index was at 9,694.19, up by 203.97 points or by 2.15%. The major gainers were Hindalco Industries (2.41%), Jindal Steel & Power (2.06%), Hindustan Zinc (2.03%), Coal India (0.53%) and Bhushan Steel (0.47%).
The Bankex index was at 11,595.15, up by 243.27 points or by 2.14%. The major gainers were Canara Bank(3.05%), Bank Of Baroda (2.05%), Bank Of India (1.62%), Federal Bank (1.03%) and H D F C Bank (0.55%).
Market Breadth
Market breadth was positive with 1,730 advances against 1,011 declines.
Value and Volume Toppers
United Spirits topped the value chart on the BSE with a turnover of Rs. 761.52 million. It was followed by State Bank Of India (Rs. 461.53 million), Tata Steel (Rs. 349.11 million) and ICICI Bank (Rs. 340.13 million).
The volume chart was led by Cals Refineries with trades of over 9.53 million shares. It was followed by Mercator (2.43 million), Jain Irrigation Systems (2.41 million) and Gujarat State Petronet (2.08 million).
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