The market has managed its opening rally and gained further grounds on the back of strong buying seeing in the IT, Capital Goods, Bank, Metal and Oil & Gas stocks. The IT stocks are in demand today on the back of the latest move by the government to tighten external commercial borrowings (ECB), which is likely to put check on the foreign currency inflows. The overall market breadth is strong as 1970 stocks are advancing while 517 stocks are declining and 57 stocks remained unchanged on BSE.
At 12.31 pm, BSE sensex was at 15,250.13 up by 317.36 points while Nifty was at 4,444.80 up by 88.45 points. The BSE mid cap is higher by 97.86 points at 6,672.76 and small cap advanced by 139.74 points to 8,054.11.
BSE IT index increased 233.80 points to trade at 4,852.27 as Satyam (5.40%), Infosys (5.38%), HCL Tech. (5.35%), Wipro (4.78%) and TCS (4.51%) are trading up.
BSE Capital goods index surged 176.56 points to 12,981.22 as ABB (2.06%), Siemens (1.78%), BHEL (1.08%) and L&T (0.81%) are trading in positive.
BSE Banks index is trading up by 169.97 points to trade at 8,099.09 as PNB (2.58%), HDFC Bank (2.54%), SBI (1.84%) and ICICI Bank (1.84%) are trading in positive.
BSE Metal index improved 122.85 points to trade at 11,164.71 as Hindalco (2.55%), SAIL (2.08%), NALCO (1.56%) and Tata Steel (0.94%) are trading in green.
BSE Oil & Gas index was trading 117.67 points higher at 7,922.22 as RPL (1.75%), ONGC (1.61%), IPCL (1.40%), GAIL (0.61%), HPCL (0.39%) and BPCL (0.32%) are trading higher.
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