Sensex soars...Nifty hits a ton

The Indian market has overlooked the mixed trend in the Asian markets and the overnight declines in the US market to be smartly up in the mid afternoon trade.

The broader market indices are doing even better than their frontline peers as investors snap up battered shares following last week's reversals.



At 02:32 p.m. (IST), the BSE Sensex was at 19,830, up 309 points from the last close. It earlier touched a day's low of 19,525 and the day's high of 19,870 after opening 19,529.

In the broader market, the BSE Small-Cap index and the BSE Mid-Cap index are up about 3% and 2.7% respectively.

On the other hand, the NSE Nifty was up 95 points at 5,958 after touching a day's high of 5,969 and a days low of 5,865. It opened at 5,871.

In terms of sectors, the Metal, Realty, PSU, Banking and Consumer Durable indices are up ~3%. Oil & Gas, Auto, Capital Goods, Power, Pharma and IT are up 1.5-0.5%.

The market breadth on the BSE is positive with 2,390 shares rising and 547shares falling.

Cipla, Tata Steel, Hindalco, M&M, SBI, DLF, RCOM, HDFC Bank, Reliance Infra, ONGC, JP Associate, Tata Motors, Suzlon, Axis Bank and BPCL are among the leading gainers in the Sensex and the Nifty.

Bharti Airtel, Hero Honda, Wipro, Maruti Suzuki, BHEL, HUL, Sesa Goa and Hero Honda are among the laggards in the Sensex and Nifty.