Key benchmark indices held firm in morning trade after a strong opening triggered by firmness in Asian stocks. At 10:18 IST, the barometer index, the S&P BSE Sensex was up 333.99 points or 1.32% at 25,651.86. The 50-unit CNX Nifty was currently up 109.50 points or 1.42% at 7,797.75. All the twelve sectoral indices on BSE were in the green.
The broad market depicted strength. The market breadth indicating the overall health of the market was quite strong with more than four gainers for every loser. On BSE, 1,570 shares rose and 347 shares fell. A total of 26 shares were unchanged. The BSE Mid-Cap index was up 1.73%. The BSE Small-Cap index was up 1.66%. Both these indices outperformed the Sensex.
The CNX Nifty rose 133.65 points at the day's high of 7,821.90 hit in early trade. The Nifty hit almost one-week high at the day's high.
In overseas markets, Asian stocks rose sharply today, 9 September 2015 after a strong finish for the US stocks overnight.
In sector trends, realty stocks rose. Sobha (up 1.62%), Indiabulls Real Estate (up 1.25%), DLF (up 1.62%), Unitech (up 2.02%), Housing Development & Infrastructure (HDIL) (up 3.44%), Oberoi Realty (up 2.7%), and Phoenix Mills (up 3.47%) edged higher.
IT stocks advanced. Tech Mahindra (up 0.16%), HCL Technologies (up 1.26%), TCS (up 0.74%), and Wipro (up 1.15%) edged higher.
Infosys rose 2.72% after reports the US Labor Department has cleared the company of any wrongdoing and closed its investigation after American technology workers at Southern California Edison complained their jobs were wrongfully outsourced to foreigners working on H-1B visas. H-1B visas are often used by the technology sector to bring highly skilled foreign guest workers to the US.
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