Sensex consolidates near 20,500 aftering hitting day's low of 20,447, Sensex has risen 145 points to 20,552 and the Nifty has surged 26 points to 6213 bouyed by rally in metal and realty stocks.
-----------------Updated 14:05
The European markets are trading higher, The french DAX is at 6260 up 44 points, FTSE is higher by 42 points at 5678 and CAC is at 3760 up 28 points.
Back home, Metal index continue to shine among the sectoral indices, the index is up 352 points at 17,918. Consumer Durables, Realty, PSU and Capital Goods are also among the gainers on the sectoral indices.
FMCG index is the only loser among the sectoral indices.
Hindustan Zinc continues to lead the Metal charts, the stock is up 5.5% at Rs 1218 followed by Sterlite Industries, Hindalco Industries, NALCO and Sesa Goa up more than 1.5% each.
Meanwhile the broader markets continue to outperform the benchmark indices, the Mid-cap index is up 93 points or 1.12% at 8428 and the Small-cap index is up 102 points at 10,659. The BSE 500 market breadth continue to extremely positive as 359 stocks are advancing and 136 stocks are declining.
Shipping Corporation of India leads the Mid-cap charts, the stock is up 17% at Rs 196 followed by Motilal Oswal, Indian Bank, South Indian Bank and FDC up more than 6% each.
Among the Small-cap stocks Garware Offshore leads the rally up nearly 14% at Rs 146 followed by NOCIL, Hindustan Dorr-Oliver, Vikas WSP and Bharti shipyard up more than 9% each.
J P Associates continue to lead the Sensex charts the stock continues to trade higher by 4.6% at Rs 135 followed by Sterlite Industries, Hindalco Industries, Jindal Steel and Tata Steel.
Meanwhile, Mahindra & Mahindra, RCom, Hindustan Uniliver, ITC and ACC are witnessing profit booking.