Mumbai, Feb 10: Riding on the back of the positive global cues and budget expectations, Indian markets continued its upward rally for the second consecutive day.
The 30-share BSE Sensex closed 339.81 points or 2.25 per cent higher at 15,466.81. The 50-share NSE Nifty went up 2.25 per cent or 104.30 points, to settle at 4,655.25.
Surging 5.6 to 4 per cent Tata Power, Reliance Infrastructure, HDFC Bank, Ranbaxy Labs, ACC and Reliance Communication proved to be the top gainers.
The Nifty was supported by the strong trading in commodities and infrastructure.
And Infrastructure stocks as a group by themselves out shined the others. Cement did well in the midcap and small cap arena.
Markets continue upward rally
At 14.05 hrs IST, the Sensex was up 418.30 points or 2.77 pc at 15545.30, and the Nifty was up 119.90 points or 2.63 pc at 4670.85. About 1469 shares advanced, 1363 shares declined, and 311 shares were unchanged.
Indices are trading strong as capital goods, power, banks, metals, FMCG, pharma and oil & gas stocks were witnessing strong buying interest.
Markets strong; BSE Sensex tests 15,500
Huge buying is seen in metal, infrastructure, realty, auto, banking and oil & gas stocks leading the markets to extend the current rally. BSE Sensex surpassed the 15,500 level and the NSE Nifty was seen trading above 4,650 mark.
The 30-share Sensex shot up 376 points, to 15,503 and the Nifty rose 113 points, to 4,664. The market breadth was positive; about 1932 shares advanced while 864 shares declined. Nearly 346 shares were unchanged.
Bharti Airtel signed managed services deal with Comviva, the stock rose just 0.5 pc. The company said Comviva would provide value-added services solutions for 3 years.
Indices open strong; Nifty surpass 4,600
With the help of positive Asian cues, Indian stock markets opened strong and continued their uptrend for the second straight day. The broader indices and metal, infrastructure, realty and select financials are supporting the markets. Nifty crossed the 4,600 mark and the Sensex was moving towards the 15500 level.
At 9:57 am, the Sensex was up 328 points, to 15,455 and the Nifty rose 87 points, to 4,640. Among the broader indices, the CNX Midcap went up 1.9pc, to 5,676 and the BSE Smallcap Index gained 1.77pc at 6,295.
Cairn, Tata Steel, Hindalco, Sterlite, L&T, Sun Pharma, Reliance Infrastructure, ITC, DLF, Suzlon, HDFC, HDFC Bank, Unitech, Reliance Capital, HCL Tech and Reliance Industries were helping the markets. However, SBI was the loser.