Sensex up 200pts

The markets continue to trade firm on the back of unabated buying support across sectors, barring FMCG. The Sensex is now up 197 points at 20,164. The NSE Nifty has gained 63 points at 6056.
_____________________________________________________
(Updated at 1133 hrs)

The markets contiinue to trade with a positive bias. The Sensex is up 213 points at 20,180 and Nifty is at 6057 up 65 points.

Hindalco Industries leads the Sensex gainers charts, the stocks is trading at Rs 223 higher by 3.8%, Tata Steel, Jindal Steel, Tata Motors, Sterlite Industries and Jaiprakash Associates are all among the gainers, up more than 2% each. At the same time Hero Honda is the top Sensex loser down 2.3% at Rs 1789 followed by ITC, ICICI Bank and State Bank of India.

Heavy buying is visible in the metal, consumer durables and real estate stocks, the BSE metal index leads the sectoral pack, the index has has gained 497 points at 16,688, Consumer Durables index is at 6514 up more than 2% and BSE Realty index is up 53 points at 3004. FMCG and Banking stocks are witnessing a mild selling pressure, the BSE FMCG and Bankex are marginally in the red.

Welspun Corp, JSW Steel, Hindalco Industries and Tata Steel are the top gainers among the metal stocks trading higher by more than 3.5% each. 

The broader markets are also trading higher, mid-cap and small-cap indices are up by more than 1% each. The mid-cap index is at 7970 up 87 points and the small-cap index is at 9983 higher by 124 points.

The overall market breadth is extremely bullish, out of 2752 stocks traded on the BSE, 1913 stocks are advancing while 756 stocks are declining.