With stocks gaining in strength on sustained buying support, the market, which opened on a firm note this morning, has moved further up north in afternoon trade.
The Sensex, which rose to 19,608.04, is now up 185.22 points or 0.95% at 19,598.76. The Nifty index of the National Stock Exchange is up 55.15 points or 0.94% at 5918.45.
Oil, FMCG and PSU and capital goods stocks are mostly up with impressive gains. Metal stocks are up on reports the Supreme Court has permitted some mines in Karnataka to reopen. Bank and power stocks too are trading notably higher. Consumer durables, healthcare and realty stocks are also attracting buyers. Automobile stocks have come off their highs and information technology stocks are trading weak.
Among the stocks in the Oil & Gas index, heavyweights Reliance Industries
are up 1.7% and 2.2%, respectively. BPCL
is up nearly 4%, Hindustan Petroleum Corporation
is up 2.7% and Indian Oil Corporation
is up with a gain of 1.7%. Cairn India
is up 2.5%, Castrol India
is gaining around 3%, Oil India
is up 2.8% and GAIL India
is trading 1.8% up.
FMCG stocks United Breweries
and United Spirits
are up 5.5% and 2.3%, respectively. ITC
, Godrej Consumer
Products, Dabur India
, Hindustan Unilever
, Jubilant Foodworks
India and Tata Global Beverage are up 0.5% - 2%.
Jindal Steel & Power is trading stronger by 3.2%. HDFC
is up 2.8%. Hero Motocorp. IDFC
, Jaiprakash Associates
, Tata Steel
and Coal India are also up with strong gains.
Maruti Suzuki, Ambuja Cements
, Tata Motors, Infosys
, Dr Reddy's
Laboratories, Tata Consultancy Services
are down 0.4% - 2%.