 "Markets firm; BHEL, L&T up 6%")
Markets continue to trade around day highs in early noon deals ahead of the oath taking ceremony of Narendra Modi as India's 15th Prime Minister. Gains were led by capital goods and financials.
Meanwhile, foreign institutional investors which had turned net sellers in equities on Wednesday and Thursday, once again stepped up purchases after they bought equities worth Rs 417 crore on Friday.
At 1255 hrs, the Sensex was up 442 points at 25,135 and the Nifty advanced 125 points to trade at 7,492.
Except Health Care and Consumer Durables indices down 0.1% each, all the other sectoral indices were in green.
Capital Goods, Auto, Power and Metal indices up 3-5% were the major sectoral gainers.
Bharti Airtel, Cipla, Hindalco, Dr Reddys Lab and Hindustan Unilever down 0.4-1% were the only losers among Sensex-30.
With a stable and business-friendly government in power, the Modi-led BJP winning the elections, shares of capital goods have received a boost. L&T and BHEL zoomed by 6% each and were among the top gainers in noon trades.
Mahindra & Mahindra advanced nearly 6.5%.
In individual names, shares of KEC International were up nearly 6% at Rs 125 after the company said it has bagged new orders worth Rs 437 crore in its transmission and cable businesses.
Sharon Bio Medicine surged almost 6% as the company declared that its Taloja plant has been approved by the European drug agency-European Directorate for the Quality of Medicines & Healthcare (EDQM). The company said the move will enhance its sales in Europe and other countries.
The market breadth was very positive on BSE. 1986 stocks advanced while 858 stocks declined.
Asian Markets
Asian shares hit one-year high on Monday thanks to a strong session on Wall Street and a decisive win for billionaire Petro Poroshenko in Ukraine's presidential election.
MSCI's broadest index of Asia-Pacific shares outside Japan briefly rose 0.2% and was last trading up 0.1%. Japan's Nikkei share average gained 1% to a 7-week high, though trade was slow due to market holidays in London and New York.
Meanwhile, foreign institutional investors which had turned net sellers in equities on Wednesday and Thursday, once again stepped up purchases after they bought equities worth Rs 417 crore on Friday.
At 1255 hrs, the Sensex was up 442 points at 25,135 and the Nifty advanced 125 points to trade at 7,492.
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Broader markets extended gains with both the mid and smallcap indices up 1.5% each.
Except Health Care and Consumer Durables indices down 0.1% each, all the other sectoral indices were in green.
Capital Goods, Auto, Power and Metal indices up 3-5% were the major sectoral gainers.
Bharti Airtel, Cipla, Hindalco, Dr Reddys Lab and Hindustan Unilever down 0.4-1% were the only losers among Sensex-30.
With a stable and business-friendly government in power, the Modi-led BJP winning the elections, shares of capital goods have received a boost. L&T and BHEL zoomed by 6% each and were among the top gainers in noon trades.
Mahindra & Mahindra advanced nearly 6.5%.
In individual names, shares of KEC International were up nearly 6% at Rs 125 after the company said it has bagged new orders worth Rs 437 crore in its transmission and cable businesses.
Sharon Bio Medicine surged almost 6% as the company declared that its Taloja plant has been approved by the European drug agency-European Directorate for the Quality of Medicines & Healthcare (EDQM). The company said the move will enhance its sales in Europe and other countries.
The market breadth was very positive on BSE. 1986 stocks advanced while 858 stocks declined.
Asian Markets
Asian shares hit one-year high on Monday thanks to a strong session on Wall Street and a decisive win for billionaire Petro Poroshenko in Ukraine's presidential election.
MSCI's broadest index of Asia-Pacific shares outside Japan briefly rose 0.2% and was last trading up 0.1%. Japan's Nikkei share average gained 1% to a 7-week high, though trade was slow due to market holidays in London and New York.