Markets have extended their gains with the Sensex and Nifty trading above 15,900 mark and 4,750 levels, respectively.
By 1130 hrs, the Sensex was up 175 points at 15,913 and the Nifty advanced 48 points to 4,761.
BSE telecom index is leading the strong rally, zooming by nearly 2%. Bharti Airtel is the top gainer, up 3% to Rs 341. Telecom stocks have moved up after TDSAT stayed DoT 3G roaming ban orders and said no coercive steps should be taken against companies until order.
Technology stocks like TCS, Infosys and Wipro have spurted between 1-2%.
Capital Goods sector have extended their gains for the second trading session. The BSE capital goods index is up 1.2% at 8,258. BHEL and L&T have surmounted between 1-2%.
Index heavyweight Reliance Industries has surged 1%.
Among banks, HDFC Bank, ICICI Bank and SBI are up 1.4% each. HDFC is up over 1%.
DLF from realty space has zoomed 1%.
Amongst auto pack, Hero MotoCorp, Tata Motors and Maruto Suzuki have accelerated by almost 2% each.
On the other hand, Hindalco and Cipla are trading slightly lower.
The mid-cap and the small-cap indices maintain the steady movements as both the indices have jumped nearly 1% each.
GVK has zoomed after reports that Singapore’s Changi Airport may take a stake inj GVK Airports for Rs 2,200 crore.
ARSS Infrastructure Projects is locked in 5% upper circuit at Rs 115.75 for the second straight session after its board approved the proposal of Corporate Debt Restructuring System (CDR System).
Reliance Communication has gained by 2.2% at Rs 68 on reports that the company is in the final stages of talks to sell its tower unit.
Pantaloon Retail and Lovable Lingerie have gained between 1-2% on short covering.
IRB Infra has gained 1%. NHAI has terminated concession agreement of four laning of Goa/Karnataka border to Panaji.
The overall breadth is firm as 1496 stocks are advancing while 614 are declining.
