 "Sensex reclaims 28,000; Maruti Suzuki up 3%")
Markets extended gains after the first hour of trade led by capital goods major L&T while auto shares firmed up post their December sales numbers.
At 10:30AM, the 30-share Sensex was up 172 points at 28,060 and the 50-share Nifty was up 48 points at 8,444.
The Indian rupee was trading lower at Rs 63.34 compared to its Friday close of Rs 63.30.
Asian markets were trading firm with shares in China rising the most. The Shanghai Composite was the top gainer in the region up 2.4% while Hang Seng rose 0.5%. Japanese shares remained muted with the benchmark Nikkei up 0.2% while Singapore's Straits Times was trading 1% lower amid profit taking.
All the sectoral indices were in the green with BSE Capital Goods index emerging as the top gainer up 1.4% followed by Consumer Durables, Auto and Metal indices among others.
The HSBC Manufacturing Purchasing Managers' Index (PMI), compiled by Markit, rose to 54.5 in December from 53.3, its highest since end-2012 and its 14th straight month above the 50-mark that separates growth from contraction.
Capital goods shares firmed up on the back of robust December PMI. Engineering major L&T was up over 2% while BHEL gained 0.3%.
Infosys was up 0.4% ahead of its third quarter earnings on Friday. TCS was up 0.8% and Wipro gained 1.2%.
Maruti Suzuki was up over 3% after the company reported 21% grwoth in sales during December 2014 compared to the same month last year. Among other auto shares, Tata Motors, M&M, Hero MotoCorp and Bajaj Auto were up 1-2% each.
Other Sensex gainers include ITC, Axis Bank, ICICI Bank, Sesa Sterlite and Tata Steel among others.
HDFC, Dr Reddy's Labs, Bharti Airtel and NTPC were trading marginally lower.
Among other shares, Shares in Ashok Leyland has surged 6% to Rs 56.50, also its record high on BSE, after the company said it has reported 48% year-on-year jump in total sales at 9,290 units in December 2014. Auto major had sold 6,275 units during the same month of 2013.
Shares in Saksoft is locked in upper circuit of 10% at Rs 211 on BSE, extending its past two days rally, after the information technology (IT) firm announced that it has acquired a majority stake in ThreeSixty Logica Testing Services Private Limited for an undisclosed amount.
In the broader market, the BSE Mid-cap and Small-cap indices were up nearly 1% each.
Market breadth was positive with 1,584 gainers and 659 losers on the BSE.
At 10:30AM, the 30-share Sensex was up 172 points at 28,060 and the 50-share Nifty was up 48 points at 8,444.
The Indian rupee was trading lower at Rs 63.34 compared to its Friday close of Rs 63.30.
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Foreign institutional investors were net buyers in equities to the tune of Rs 260 crore on Friday, as per provisional data released by the Bombay Stock Exchange.
Asian markets were trading firm with shares in China rising the most. The Shanghai Composite was the top gainer in the region up 2.4% while Hang Seng rose 0.5%. Japanese shares remained muted with the benchmark Nikkei up 0.2% while Singapore's Straits Times was trading 1% lower amid profit taking.
All the sectoral indices were in the green with BSE Capital Goods index emerging as the top gainer up 1.4% followed by Consumer Durables, Auto and Metal indices among others.
The HSBC Manufacturing Purchasing Managers' Index (PMI), compiled by Markit, rose to 54.5 in December from 53.3, its highest since end-2012 and its 14th straight month above the 50-mark that separates growth from contraction.
Capital goods shares firmed up on the back of robust December PMI. Engineering major L&T was up over 2% while BHEL gained 0.3%.
Infosys was up 0.4% ahead of its third quarter earnings on Friday. TCS was up 0.8% and Wipro gained 1.2%.
Maruti Suzuki was up over 3% after the company reported 21% grwoth in sales during December 2014 compared to the same month last year. Among other auto shares, Tata Motors, M&M, Hero MotoCorp and Bajaj Auto were up 1-2% each.
Other Sensex gainers include ITC, Axis Bank, ICICI Bank, Sesa Sterlite and Tata Steel among others.
HDFC, Dr Reddy's Labs, Bharti Airtel and NTPC were trading marginally lower.
Among other shares, Shares in Ashok Leyland has surged 6% to Rs 56.50, also its record high on BSE, after the company said it has reported 48% year-on-year jump in total sales at 9,290 units in December 2014. Auto major had sold 6,275 units during the same month of 2013.
Shares in Saksoft is locked in upper circuit of 10% at Rs 211 on BSE, extending its past two days rally, after the information technology (IT) firm announced that it has acquired a majority stake in ThreeSixty Logica Testing Services Private Limited for an undisclosed amount.
In the broader market, the BSE Mid-cap and Small-cap indices were up nearly 1% each.
Market breadth was positive with 1,584 gainers and 659 losers on the BSE.