BSE Sensex was at 20,202, up 234 points or 1.07% over the previous close. It had earlier been as high as 20,197 and as low as 20,038 after opening at 20,038.
The Indian stock markets has extended today's gains with the key stock indices accelerating in late morning trade while the non-index counters have rebounded following the crash in the previous session.
The undertone has been spurred by the positive finish on Wall Street on Friday despite a weak jobs data.
Also, Federal Reserve chairman Ben S. Bernanke has said that the central bank may commit more money in QE2 beyond the US$600bn announced last month. He also said a return to a recession “doesn’t seem likely.”
At 11:48 am (IST), the BSE Sensex was at 20,202, up 234 points or 1.07% over the previous close. It had earlier been as high as 20,197 and as low as 20,038 after opening at 20,038.
The NSE Nifty was up 72 point at 6,065 or 1% after touching a day's high of 6,069 and a day's low of 6,023. It opened at 6,033.
The BSE Small-cap index and the BSE Mid-cap index are up 1% and 1.2% respectively.
The BSE Metal index is up 3%. The Realty, Consumer Durables,Oil & Gas,Auto, Capital Goods,Power, IT and Pharma indices are up around 1-2%. The FMCG, Banking and PSU stocks are muted.
The market breadth is positive on the BSE with 1,918 share rising and 791 shares falling.
Tata Motors, Hindalco, JP Associate, Tata Steel, Jindal Steel, Sterlite Inds, Reliance Infra, BHEL, DLF, Cipla, Wipro,Suzlon, Siemens, Cairn India and SAIL are among the notable leaders in the Sensex and the Nifty.
HUL, ITC, SBI, ICICI Bank, Hero Honda and BPCL are the laggards in the Sensex and the Nifty.
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