Markets continued to trade in green, albeit off the day's high with buying in auto and FMCG shares. BSE Sensex is up 53 points at 18,685. Nifty is up 15 points at 5,678.
Asian markets are trading in the positive zone as well, with Chinese shares soaring, amid reports the country’s central bank injected a record amount of liquidity into the banking system. Shanghai Composite surged 2.5%, followed by Hang Seng and Nikkei.
In India, BSE mid and small-cap indices are up half a per cent each at 6,557 and 6,991, respectively. Among the sectoral indices, BSE capital goods index has jumped 1% to 10,957. Auto, FMCG, consumer durables and power indices are also up around 1% each. However, weakness can be seen in oil & gas and IT shares.
Tata Power is the top Sensex gainer - up 5.2% at Rs 108. Larsen & Toubro, Mahindra & Mahindra, Maruti Suzuki, SBI and Jindal Steel have added 1-2% each. Among other gainers are Bharti AIrtel, Tata Steel, HUL and Bajaj Auto.
On the other hand, BHEL has slipped 1.4% at Rs 250. Infosys and Wipro from teh IT stable have slipped 1% each. Market heavyweight - Reliance Industries has slipped 0.4% at Rs 840.
Among individual stocks, eleven cement stocks rose by 0.07% to 5.92% on optimism of higher demand for the commodity as construction activity will pick as monsoon season comes to an end. These include Prism Cement, UltraTech Cement, ACC and Jaiprakash Associates.
SKS Microfinance is up 5% at RS 131 after Morgan Stanley bought 4.15% stake in the microfinance firm through a bulk deal on the BSE on Wednesday, 26 September 2012.
BSE market breath is positive. Out of 2,712 shares traded, 1,588 shares have advanced while 1,000 shares have declined.
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