The Sensex have opeend on a strong note with the Nifty putting on 47 points at 6191 while the Sensex opened ta 20610, gaining 167 points. In the broader markets, the smallcap index started at 10,451 and the midcap index opened at 8,248, up 0.6% each.Meanwhile, the benchmark index outperform at 0.9%
All the sectoral indices have opened in the green. Metal and Oil & Gas leads the pack followed by Realty, PSU and Bankex. However, FMCG, Capital Goods and Health Care are the least gainers in the morning trades.
The gainers on the Sensex are Mahindra & Mahindra, Jaiprakash Associates up nearly 3%, Tata Steel, Tata Motors gaining 1.5% and ACC, BHEL, Wipro, Reliance Communications,Jindal Steel,ITC and Reliance Infrastructure adding 1% each.
Sterlite down 1.4% and HDFC shedding 0.2% are the only losers in the opening trades.
The market breadth is extremely positive. Of the total 1774 stocks traded, 1407 stocks have advanced while 317 have declined.