Markets have opened strong on positive cues from the Asian markets.
The Sensex after opening with a positive gap of 41 points, surged 194 points to touch a high of 17,188. The index is now up 147 points at 17,142.
The Nifty is up 42 points at 5,130.
Asian markets have seen a rally in early trades on a strong US jobs data. The consumer data also shows a recovery in the economy.
The Hang Seng has gained 413 points (2%) at 21,201. The Nikkei has jumped 182 points (1.7%) to 10,551.
All sectoral indices are in green. The BSE realty index has gained 1.55 to 3,513. The consumer durables and auto indices are also up over 1% each.
The BSE market breadth is positive. Out of 1,851 stocks traded, 82% have advanced and 16% have declined.
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Hero Honda has gained 2.6% at Rs 1,906. Other auto companies have jumped. Mahindra & Mahindra and Tata Motors have added 1.4% each to Rs 1,091 and Rs 806, respectively. Maruti Suzuki is up 1%.
Jaiprakash Associates has added 23% to Rs 150.
ICICI Bank and DLF have 2% each to Rs 920 and Rs 323, respectively.
Tata Power has added 1.3% to Rs 1,350. Metal stocks are in the green. Sterlite and Tata Steel have advanced 1% each to Rs 818 and Rs 623, respectively.
Other big gainers include Larsen & Toubro, HDFC, Reliance Communications and Infosys.