Broader indices were also positive
The markets were led in this positive bait by by metal, technology, banking, capital goods, FMCG and auto stocks. The biggest contributors were Reliance Industries, Infosys, HDFC, ITC, ICICI Bank, ONGC, SBI, Wipro, L&T, HDFC Bank, TCS and SAIL gaining 3 to 10.5 per cent.
For the first time since Oct 2008, Sensex went beyond the 12k mark and outperformed the Asian and European Markets.
BSE Sensex continues above 12,000 mark
The Sensex was trading at 12,121, up 718 points and the Nifty surged 183 points, to 3,657, at 2:34 PM. The Sensex and Nifty were holding on levels of 12,000 and 3600 respectively. And all the secoral indices were positive.
The markets are supported by buying in technology, metal, banking, realty, FMCG, capital goods and auto. The contributers were Reliance Industries, Infosys, ITC, ICICI Bank, HDFC, L&T, HDFC Bank, SBI, Sterlite, TCS, Tata Steel, ONGC, Reliance Communication and Reliance Infrastructure.
BSE Midcap and Smallcap indices gained 3.5 per cent each.
The BSE Metal Index shot up 8 per cent and the IT Index gained 7.6 per cent. The BSE Bankex surged 6.75 per cent. Realty, FMCG, Capital Goods and Auto indices went up over 5 per cent. Power and Oil & Gas indices rose over 3.5 per cent.
BSE Sensex touches 12,000 mark
At 12:23 hours IST, the 30-share BSE Sensex touched the 12,000 mark for the first since Oct 7, 2008. The Sensex was trading at 12001, up 598 points and the Nifty shot up 154 points, to 3,628, at 12:23 hours IST. Broader indices - BSE Midcap and Smallcap indices gained 3-3.6%.
Buying interest is seen in metal, realty, technology, banking, capital goods and FMCG. Midcaps and smallcap also surged but the benchmark indices outperformed the broader indices.
IT, Bank, Realty and Capital Goods indices went up over 5 per cent.
Indices open positive; Nifty hits 3,600
The benchmark indices opened higher taking cues from the positive Asian markets. National Stock Exchange's (NSE) Nifty tested the 3,600 mark for the first time since Oct 14, 2008, while Bombay Stock Exchange's (BSE) Sensex was trading closer to the 12000 mark.
At 9:57 am, the Sensex was trading at 11,917, up 514 points and the Nifty surged 137 points, to 3,610. The CNX Midcap went up 2.5 pc or 97 points, to 3,957. ICICI Bank, Tata Steel, Siemens, ONGC, SBI, Reliance Capital, SAIL, L&T, Bharti, HDFC, Reliance Communication, Sterlite, Axis Bank, HDFC Bank and DLF were the gainers in the opening trade.