The NSE Nifty is at 4,468, up 70 points now. The index has recovered slightly after paring some marginal gains. However, the BSE Sensex is at 15,049, up 206 points.
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(Updated 1116 hrs)
The NSE Nifty touched a high of 4,501 within an hour of its opening. The index is exhibiting sideways movement and is at at 4,466, up 67 points.
Sterlite has surged nearly 5% to Rs 631. Hindalco has rallied 4.5% to Rs 89.
ITC, Tata Steel, DLF and Reliance Infrastructure have gained 3.5% each to Rs 225, Rs 413, Rs 357 and Rs 1,127, respectively.
Reliance Infrastructure, Siemens, Idea, Reliance Communications, HCL, SAIL, Unitech have advanced 3% each.
Sun Pharma has declined over 3% to Rs 1,256. Bharti Airtel and ONGC are the other losers.
The BSE Sensex is at 15,057, up 21 points.
The market breadth is extremely positive - out of 2,155 stocks, 1,485 have advanced and 597 have declined.