The markets have firmed up in late morning trades. The Sensex has extended gains and is now up 176 points at 18,587. The NSE Nifty has added 54 points to 5,580.
Realty, energy and banking shares continue to lead the up move. The broader markets too are trading firm, with both the mid-cap and the small-cap indices up 1% each.
The market breadth too is extremely positive - out of 2,553 stocks traded so far, 1,715 have advanced and 755 have declined on the BSE.
Among the index stocks - DLF and ONGC have surged 2.5% each to Rs 226 and Rs 288, respectively. Jaiprakash Associates, Reliance Communications, Reliance Infrastructure, SBI, ITC and Reliance are the other major gainers.
Infosys continues to trade in negative territory, down 0.5% at Rs 2,780.
Among other sectors, sugar and tea stocks are witnessing fresh buying with the likes of Bajaj Hindusthan, Balrampur Chini, Shree Renuka Sugars and Dwarikesh Sugars up 2-4% each. Tata Global, McLeod Russel, Assam Company, Bombay Burmah and Assam Tea are some of the tea stocks which are trading with notable gains.
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