After gaining nearly 200 points in the early trade, the Sensex is now trading firm at19,744, up 150 points. The Nifty has gained 46 points at 5931 and is inching towards the crucial 6000 mark.
RCom leads the rally among the Sensex stocks, followed by ITC, Bharti Airtel and HDFC.However, Sterlite Industries, NTPC, Maruti Suzuki, SBI and Tata Power are significant losers.
The FMCG index continues to remain bullish, having gained 71 points at 3634. Consumer Durables, realty and tech indices indices are up more than 0.5% each. ITC continues to top the FMCG index, currently trading at Rs 173, up 3.15%, followed by Colgate Palmolive, Hindustan Unilever and Nestle.
In the realty space, Peninsula Land has gained 3.3% and is trading at Rs 67, followed by Phoenix Mills, HDIL and DLF.
Bankex has slipped into the red, down 7 points at 13,750. Federal Bank is the top loser in this sapce, followed by Axis Bank, Bank of India and Canara Bank
The broader markets are trading firm; midcap index has gained 48 points at 8152 and Small-cap has gained 89 points at 10,328.
The market breadth continues to be positive; 1825 stocks have advanced and 1026 have declined on the BSE.