Seventeen of 19 sector gauges compiled by BSE were trading higher led by the S&P BSE Metal index’s 2 per cent gain.
As of 1:27 pm, the Sensex rose 416 points or 1.03 per cent to 40,998 and the Nifty 50 index was up 0.88 per cent or 105 points at 12,077.
Seventeen of 19 sector gauges compiled by BSE were trading higher led by the S&P BSE Metal index’s 2 per cent gain. The S&P BSE Realty, Capital Goods, Bankex, Auto, Finance and Basic Materials indexes also rose between 0.9-1.4 per cent each.
On the other hand, S&P BSE Telecom index was top loser, down 1.8 per cent.
Mid- and small-cap shares were also witnessing buying interest as the S&P BSE MidCap and S&P BSE SmallCap indexes rose 0.7 per cent each.
Vedanta was top gainer in the Nifty 50 basket of shares, the stock rose 3.65 per cent to Rs 149. Axis Bank, Tata Motors, Hindalco, Yes Bank, State Bank of India, IndusInd Bank, Tata Consultancy Services, Tata Steel and HDFC were also among the gainers.
On the flipside, Dr Reddy’s Labs, Bharti Airtel, Bharti Infratel, Kotak Mahindra Bank, Zee Entertainment, Britannia Industries, Bajaj Auto and Nestle India were among the losers.
The overall market breadth was positive as 1,392 shares were advancing while 798 were declining on the BSE.
Prasanta Patnaik