Markets extend gains led by auto shares

Key share indices have extended the gains led by buying among Realty, Banks, and Consumer Durable and Auto segment.

By 1315, the Sensex was up 109 points at 20,033 and the Nifty gained 30 points to 6,049.

On the global front, Japanese stocks soared on Friday, boosted by fresh multiyear lows for the yen, while the rest of Asia looked set to end the week on a less positive note. Nikkei added 2% to 10,832. Kospi, Hang Seng and Shanghai Composite slipped half a per cent each.

Back home, BSE Realty index has surged by almost 2% followed by counters like Auto, Consmuer Durable, Healthcare, Banks, PSU, Power, Capital Goods, FMCG and IT, all gaining by nearly 1% each. Apafrt from Oil & Gas, all the major BSE sectoral indices are trading in green zone.

The main gainer on the Sensex at this hour include Tata Motors, M&M, GAIL, Cipla, SBI, ICICI Bank, Maruti Suzuki and Sun Pharma, all surmounting between 1-2%.

On the losing side, HDFC, Hero Moto, RIL and Coal India have dropped by nearly 1% each.

Among others shares, Jet Airways (India) has surged over 5% to Rs 617 in afternoon deals on back of heavy volumes on reports that Abu Dhabi's Etihad Airways may finalise a deal to buy a stake in the company today.

IVRCL has surged by 5% after bagging orders of Rs 378.36 crore. The orders pertained to execution of three water supply systems worth Rs 360.75 crore and construction of a two lane road from Indore Airport to Pithampur.

The broader markets have outperformed the benchmark indices. BSE Midcap & Smallcap indices have gained between 0.5-1%.

The market breadth in BSE remains neutral with 1,290 shares advancing and 1,276 shares declining.