 "Heavyweights boost Sensex 345 pts higher")
Markets have come off their all-time highs as investors booked profits at higher levels after a sharp surge in early trades following Bharatiya Janata Party's clear majority in three of the four states.
At 2.26PM, the 30-share Sensex was up 322 points at 21,319 levels after hitting an all-time high of 21,484 and the 50-share Nifty was up almost 100 points at 6,363 after touching an all-time high of 6,415.
The rupee was off highs after hitting a four month high in early trades. But dollar flows from foreign investors ensured that the rupee trade stronger compared with previous close.
Key Asian share indices were trading with gains on the back of better-than-expected economic data from China, weakness in the yen and robust US jobs data wherein 203,000 jobs were created in November.
The Nikkei ended up 2.3% while Hang Seng and Straits Times were up 0.03-0.3% each while Shanghai Composite pared most its early gains and was trading flat with a negative bias.
The gains were led by financials and capital goods shares. The Bankex and Capital Goods index were up between 2.6-3% leading the sectoral indices on the BSE followed by Realty, Power, Oil and Gas.
ICICI Bank was up nearly 5% contributing the most to the Sensex gains. Among other financial shares, HDFC Bank, HDFC and SBI were up 1-3% each.
Among capital goods shares, L&T was up 4.9% at Rs 1,150 while PSU engineering major BHEL was up 0.4% at Rs 172.
In the oil and gas space ONGC and Reliance Ind were up 1-3% each. A report by DNA suggested that RIL may manage to save around 11% in KG-D6 relinquishment after a "positive discussion" with the government.
Among other shares, VST Tillers Tractors is trading higher by 3% at Rs 680, extending its over 10% rally in past three trading sessions, after HDFC Mutual Fund acquired about 150,000 shares through open market.
In the broader market, the BSE Mid-cap index was up 0.5% and the Small-cap index was up 0.5%.
Market breadth was marginally negative with 1,110 losers and 1,098 gainers on the BSE.
Crompton Greaves has moved higher by 4% at Rs 134 after the company said that its promoters have released nearly seven million pledge shares lying with lenders.
VST Tillers Tractors is trading higher by 3% at Rs 680, extending its over 10% rally in past three trading sessions, after HDFC Mutual Fund acquired about 150,000 shares through open market.
At 2.26PM, the 30-share Sensex was up 322 points at 21,319 levels after hitting an all-time high of 21,484 and the 50-share Nifty was up almost 100 points at 6,363 after touching an all-time high of 6,415.
The rupee was off highs after hitting a four month high in early trades. But dollar flows from foreign investors ensured that the rupee trade stronger compared with previous close.
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At 12:40PM the rupee was trading at Rs 61.08 compared with previous close of Rs 61.44 per dollar. During early trades today it had touched a high of Rs 60.90 per dollar.
Key Asian share indices were trading with gains on the back of better-than-expected economic data from China, weakness in the yen and robust US jobs data wherein 203,000 jobs were created in November.
The Nikkei ended up 2.3% while Hang Seng and Straits Times were up 0.03-0.3% each while Shanghai Composite pared most its early gains and was trading flat with a negative bias.
The gains were led by financials and capital goods shares. The Bankex and Capital Goods index were up between 2.6-3% leading the sectoral indices on the BSE followed by Realty, Power, Oil and Gas.
ICICI Bank was up nearly 5% contributing the most to the Sensex gains. Among other financial shares, HDFC Bank, HDFC and SBI were up 1-3% each.
Among capital goods shares, L&T was up 4.9% at Rs 1,150 while PSU engineering major BHEL was up 0.4% at Rs 172.
In the oil and gas space ONGC and Reliance Ind were up 1-3% each. A report by DNA suggested that RIL may manage to save around 11% in KG-D6 relinquishment after a "positive discussion" with the government.
Among other shares, VST Tillers Tractors is trading higher by 3% at Rs 680, extending its over 10% rally in past three trading sessions, after HDFC Mutual Fund acquired about 150,000 shares through open market.
In the broader market, the BSE Mid-cap index was up 0.5% and the Small-cap index was up 0.5%.
Market breadth was marginally negative with 1,110 losers and 1,098 gainers on the BSE.
Crompton Greaves has moved higher by 4% at Rs 134 after the company said that its promoters have released nearly seven million pledge shares lying with lenders.
VST Tillers Tractors is trading higher by 3% at Rs 680, extending its over 10% rally in past three trading sessions, after HDFC Mutual Fund acquired about 150,000 shares through open market.