Key benchmark indices further extended gains and hit fresh intraday high in mid-morning trade as firmness in Asian stocks boosted sentiment. At 11:20 IST, the barometer index, the S&P BSE Sensex, was up 244.05 points or 0.94% at 26,104.22. The gains of the Nifty 50 index were higher than the Sensex's gains in percentage terms. The Nifty was currently up 90 points or 1.13% at 8,055.60. The Sensex was currently hovering above the psychological 26,000 mark after regaining that mark earlier in the day. The Nifty was hovering above the psychological 8,000 level after reclaiming that mark earlier in the day.
The broad market depicted strength. There were more than three gainers against every loser on BSE. 1,676 shares rose and 475 shares fell. A total of 140 shares were unchanged. The BSE Mid-Cap index was currently up 0.92%, underperforming the Sensex. The BSE Small-Cap index was currently up 1.56%, outperforming the Sensex.
The Sensex gained 263.97 points or 1.02% at the day's high of 26,124.14 in mid-morning trade, its highest level since 23 November 2016. The barometer index rose 14.28 points or 0.05% at the day's low of 25,874.45 in early trade. The Nifty gained 95.65 points or 1.2% at the day's high of 8,061.15 in mid-morning trade, its highest level since 21 November 2016. The index rose 11.25 points or 0.14% at the day's low of 7,976.75 in early trade.
In overseas stock markets, Asian stocks gained as the Thanksgiving break in the United States pegged the dollar's relentless surge that had sucked capital out of most emerging markets. US markets remained closed yesterday, 24 November 2016, on Thanksgiving holiday and trading will end early today, 25 November 2016 there.
Shares of power generation and power distribution companies gained. NTPC (up 2.07%), NHPC (up 2.08%), Tata Power Company (up 0.94%), Adani Power (up 0.83%), Power Grid Corporation of India (up 1.59%), and Reliance Infrastructure (up 0.92%) gained. Reliance Power (down 0.39%) and Torrent Power (down 0.18%) declined.
Shares of state run coal mining major Coal India rose 0.22%.
Capital goods stocks were mixed. Bharat Heavy Electricals (Bhel) (up 1.29%), ABB India (up 0.78%), Bharat Electronics (up 1.02%), and Siemens (up 1.39%) gained. Havells India (down 1.49%), L&T (down 0.09%), and Thermax (down 0.58%) declined.
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