The Sensex shut shop gaining 253.92 points or 1.62 per cent at 15924.23, and the Nifty was up 74.95 points or 1.62 per cent at 4711.40. Reliance, Infosys, ICICI Bank, L&T, SBI, BHEL, Reliance Comm and ONGC supported both Nifty and Sensex.
The BSE midcap was up by 2.3 per cent and smallcap indices was up 1.69 per cent.
Almost all the sectoral indices on the BSE ended in green. The BSE auto index closed up 4.60 per cent.The BSE metal index was up 3.41 per cent. The BSE power index was up 2.19 per cent. The BSE oil & gas was up 2.04 per cent. The BSE capital goods was up 1.82 per cent. The BSE health care was up 1.41 per cent. The BSE bankex was up 1.20 per cent. The BSE IT index was up 0.99 per cent.
However, the the BSE FMCG index was down 0.71 per cent or 19.45 points at 2,718.70. Stocks like HUL, Nestle, Britannia, Marico and Colgate were down 1 to 2 per cent.
About 1801 shares advanced, 1034 shares declined, and 337 shares remained unchanged.
Mkts positive; auto index surges 3 pc
At 1 pm, the Sensex was up 63.95 points or 0.41 per cent at 15734.26, and the Nifty was up 23.35 points or 0.50 per cent at 4659.80. Sensex was trading with a positive bias as stocks like Reliance, L&T, Bharti Airtel, SBI and BHEL proved to be positive contributors.
Buying interest was seen in realty, metal, pharma, oil & gas and capital goods stocks while FMCG and banks stocks were trading weak.
Top gainers on Sensex were BHEL, Sterlite Ind, Maruti Suzuki, Hindalco and Reliance Comm. The losers were HUL, HDFC Bank, HDFC, Reliance Infra and ITC.
Among the sectors, auto index outperformed surging 3 per cent.
Bharat Forge, Phoenix Mills, Bajaj Holdings, United Breweries and Anant Raj Ind were up 8 to 10 per cent and were the top gainers on the Midcap. Top gainers on the BSE Smallcap were Empee Distiller, Allied Digital, Elgi Equipments, Sanghi Ind and CMI FPE were up 10 to 20 per cent.
Benchmarks trading green; Nifty volatile
Both the benchmarks are trading in green. However, Nifty was volatile. At 11.53 am, the BSE Sensex was up 52 points at 15722, and the NSE Nifty was up 18 points at 4654.60.
Auto, realty, metal oil & gas and pharma stocks were trading with some gains. FMCG and consumer durable stocks were trading weak.
While Reliance, Reliance Comm, BHEL, Maruti Suzuki and Cairn India were the positive contributors to Nifty, Sensex gained strength from Reliance Communication, Maruti Suzuki, Hindalco, Sterlite Industries and Tata Steel.
Top gainers on Nifty were Reliance Comm, Maruti Suzuki, Cairn India, Unitech and Hindalco. Suzlon Energy, HUL, Tata Comm, BPCL and HDFC Bank lost.
12: 50 PM
Mkts open higher; HCL, ONGC, Bharti Airtel gain
The Indian markets opened higher continuing the strong rally with which they ended on Friday, Jul 31. However, the markets are trading amid volatility.
At 9:58 am, the NSE Nifty rose 13 points, to 4,649 and the BSE Sensex was up 45 points at 15,715. The CNX Midcap was up 11 points at 5,961 and the BSE Smallcap Index rose 30 points, to 6,236.
The gainers among the frontliners are Cairn, Tata Power, Hindalco Industries, Reliance Power, Maruti, HCL Tech, Sterlite, Ranbaxy Labs, Reliance Communication, ONGC, Sun Pharma and Bharti Airtel.
The losers were BPCL, Tata Motors, HUL and ICICI Bank. Posting loss of Rs 453 crore, Suzlon slipped 7 per cent. Also on the back of the weak numbers Reliance Capital was down 2.25 per cent.
Among the midcaps, GMR Infra, Hotel Leela, Indian Hotel, Divis Labs, Maytas Infra, Rolta was were the losers. However, Aban Offshore was up 3 per cent on the back of strong numbers.