The benchmark indices have steadfastly maintained the impetus of the past three trading sessions riding on the back of continued strength in the Asian markets and the aftermath of smooth rollovers into the January Derivatives series, the Sensex has gained 137 points or 0.6% at 20,529 and the Nifty is at 6139, up 37 points. The broader markets have gone a step further, spurting by more than a percent; the midcap index is at 7801, higher by 87 points and the smallcap index is at 9669, up 116 points.
There was green across Asia, with the Hang Seng, Taiwan, Seoul and Straits Times gaining upto half a percent each. European stocks are however, trading marginally lower in mid-day trades. In the F&O segment, the Nifty has seen healthy rollovers of 60% and the marketwide rollovers have been around 80%.
The Reliance Anil Dhirubhai Ambani Group shares have risen on reports the group is rebranding all its businesses as 'Reliance group' rather than maintaining individual identities. RCom has spurted by 4.6% at Rs 144 to top the gainers the list on the BSE. Reliance Infrastructure has spiked by 3% at Rs 834, Reliance Power has zoomed by 3.4% at Rs 159 and Reliance Capital has added 2.3% at Rs 669. Among the other significant gainers, Jaiprakash Associates has jumped by 3.2% at Rs 106 and Bajaj Auto has added 3.1% at Rs 1523.And index bellweather RIL has moved higher by 0.9% at Rs 1060.
On the other hand, NTPC has skid by 0.9% at Rs 200, Sterlite has lost 0.8% at Rs 186 and HDFC has lost Rs 0.4% at Rs 723.
The market breadth is positive. Out of 2,995 stocks traded on the BSE, there are 1,974 advancing stocks as against 909 declines.
