The markets gained momentum on the back of sustained buying, and the lack of any negative news flow, domestically, as well as internationally.
The BSE's benchmark Sensex climbed up nearly 1% at 20,390, and the Nifty was up a liitle more than 0.5% at 6,136.
Reliance Communications was the top gainer amongst the Sensex stocks at Rs 144 up 4%, followed by JP Associates at Rs 106 up 3% and amnother ADAG stock Relaince Infra up 2% at Rs 828.
ADAG stocks saw a rally since this morning, after news of a rebranding initiative at the ADAG companies broke.
While RCom and Reliance Infra were the top movers on the Sensex, other group stocks Reliance Power and Reliance Capital were both up 2% at Rs 157 and Rs 669 respectively.
Some of the laggards on the Sensex were Infosys down 1% at Rs 3,421, NTPC at Rs 201 and Wipro at Rs 488, both down marginally less than a percent.
Sectorally, Realty continued to lead the charts up 2% at 2,844. Stocks which led to the morning session rally in the index were Parsvnath Developers at Rs 47, Godrej Properties at Rs 614 and Indiabulls Real Estate at Rs 138, all up 4%.
Capital Goods (CG) and Consumer Durables (CD) stocks were the other gainers on the sectoral indices. The BSE CG index was at 15,526, while the CD index was at 6,385, both up by a percent.
The IT index continued to languish at the bottom of the charts down 0.4% at 6,803. Core Projects at Rs 299 down 10% was the major loser in theis space, while Infosys at Rs 3,424 and HCL Technologies at Rs 457 were down marginally.
Broader markets outperformed, with the Mid-cap index at 7,793, and the Small-cap at 9,669, both up a little more than 1%.
Overall, the markets were in a positive zone, wherein the market breadth saw 1,901 advancing stocks as against 804 declines.
