With several blue chip stocks from across various sectors trading firm with most of their gains intact, the benchmark indices Sensex and Nifty look all set to end the session on a buoyant note today.
A firm trend in global markets amid optimism that the U.S. government will avoid the fiscal cliff, expectations of speedier reforms back home and the recent strong ratings for the Indian economy and stock markets are all contributing to the upbeat sentiment today.
The Sensex is up with a gain of 285.63 points or 1.5% at 19,124.56. The Nifty is up 85.55 points or almost 1.5% at 5813.
Realty stocks are turning in a fine performance today, amid expectations of a pick up in demand for homes. Bank, automobile, capital goods, oil and metal stocks are also mostly trading notably higher.
FMCG, consumer durables, PSU and healthcare stocks are trading firm as well. Power stocks are edging higher after a subdued spell. Information technology stocks are moving sideways amid somewhat lackluster trades.
Asian Paints is trading stronger by over 5%. Tata Motors
, Bajaj Auto
, ICICI Bank
and Sesa Goa
are up 3% - 4.5%. HDFC
, Grasim Industries
, Jaiprakash Associates
, Tata Power
, Ranbaxy Laboratories
and Larsen & Toubro
are trading higher by 2% - 2.6%.
Reliance Industries is trading 1.7% up. HDFC Bank
, Sun Pharmaceutical
Industries, Coal India
, Kotak Bank, ONGC
, Ultratech Cement, GAIL India
, Ambuja Cements
, Axis Bank
, Punjab National Bank
and Reliance Infrastructure
are also up sharply.
IndusInd Bank, extending recent upmove, is trading more than 5.5% up. Tata Chemicals
has notched up a gain of 4.4%. RECL, LIC Housing Finance
, Shriram Transport
Finance, Power Finance Corporation
, Cummins India
, Container Corporation
, Yes Bank
, United Phosphorus
, Colgate Palmolive
and Hindustan Petroleum Corporation
are also trading sharply higher.