The markets continue the upward trend. The Sensex is up 357 points at 20,225 and the Nifty is at 6090 up 108 points.
Meanwhile, the European markets are also trading higher. French CAC is up 18 points at 3846 and FTSE is higher by 27 points at 5756. Hang Seng is also higher by 96 points at 23,652.
Back home, Hindalco Industries leads the Sensex gainers charts, the stock is up more than 5% at Rs 213 followed by Bharti Airtel, Cipla, Hindustan Unilever, ITC and market heavyweight Reliance Industries, up more than 3.2% each. However NTPC is the only loser on the Sensex.
All the sectoral indices are trading higher by 0.8%. FMCG index leads the sectoral charts up 2.84% or 101 points at 3657 followed by Oil & Gas, Metal, Realty and Bankex indices up more than 1.5% erach.
ITC leads the rally among the FMCG stocks, the stock is trading at Rs 173 up nearly 3%, followed by Hindustan Unilever, United Spirits, Mcleod Russel and Dabur up more than 1.5% each.
Among the Oil & Gas stocks market heavyweight Reliance Industries is the top gainer, the stock is up more tha 3% at Rs 1082, followed by Aban Offshore, HPCL and BPCL.
The broader markets are in line with the benchmark indices, The mid-cap index is up 1.13% or 94 points at 8383 and small-cap index is at 10,693 up 111 points.
Gujarat Fertilizers and Chemicals leads the mid-cap charts up 8% at Rs 369 followed by, Carborundum Universal, Indiabulls Financial Services, Honeywell Automation India and Cholamandalam Investment and Finance Company .
Ajmera Realty is the top gainer followed by Maharashtra Polybutenes, Kanai Industries, Infra Infotech and Splash Media up more than 8% each.
The market breadth is extremely positive; out of 2949 stocks traded on the BSE, 1926 stocks have advanced and 913 stocks have declined.