The market is all set to end on an upbeat note today as the bulls remain quite relentless. Buoyed by the government's decision to go ahead with reforms in aviation, retail and broadcasting sectors despite stiff protests by opposition parties and even some allies, investors are busy lapping up stocks right since the commencement of trade this morning.
The Sensex is up 400 points or 2.18% at 18,749.25, nearly 120 points off the day's high of 18,866.87 and the Nifty is up with a gain of 135.20 points or 2.43% at 5689.45, around 30 points off the day's high of 5720.
Capital goods, power, bank and metal stocks are up with handsome gains. Several stocks from realty, oil, PSU, automobile and FMCG sectors are also trading sharply higher. Consumer durables, healthcare and information technology stocks are trading off their highs, with a few even drifting down in to negative territory.
Reliance Infrastructure rules firm with a big gain of 10%. SAIL, Axis Bank and BHEL are trading higher by over 7.5%. Jaiprakash Associates, Sesa Goa, Jindal Steel, IDFC, Sterlite Industries and Punjab National Bank are up 5% - 6.5%.
ICICI Bank, Reliance Industries, HDFC, Larsen & Toubro, Tata Motors and HDFC Bank are also trading in positive territory with impressive gains.
Tata Consultancy Services, Infosys, Dr Reddy's Laboratories and Sun Pharmaceutical Industries are missing out on the rally and trading lower by 0.3% - 1.4%.