The markets continued the positive run in the last hour of trade, the Sensex added 420 points at 18,149 and the S&P CNX Nifty was higher by 130 points at 5440.
Buoyed by better than expected Q3 results, Tata Motors led the gainers chart on the Sensex. The stock was trading higher by 5.7% at Rs 1210, Larsen & Toubro was also trading higher by 5.2% at Rs 1638. Jindal Steel, Jaiprakash Associates, BHEL, Tata Power, State Bank of India, Tata Steel, ICICI Bank and HDFC were also among the gainers, up 2-4% each. While DLF remained the only loser on.
The broader markets were also trading higher the BSE mid-cap index added nearly 3% or 192 points at 6668 and the small-cap index added 3.5% or 279 points to 8088. The BSE 500 market breadth was extremely positive as 470 stocks advanced while 28 stocks declined.
Manappuram General Finance and Leasing was the top gainer on the mid-cap charts, the stock added 17% at Rs 107 followed by United Breweries, KEC International, TVS Motors, Sanwaria Agro, Parsvanath Developers, United Breweries Holdings and Ramku Infra, up 9-13% each.
On the small-cap index Om Metal led the rally followed by AK Capital, Hanung Toys, Geodesic, Nitesh Estates, Oriental Hotels, Twilight Litaka and Force Motors, up 15-20% each.
All the sectoral indices trade higher, the BSE Capital Goods index continued to lead the sectoral pack, the index added nearly 4% or 490 points at 13,126. Auto index was higher by 3.5% or 299 points at 8790 and the FMCG index also added 3% to 3299 points. Metal, Consumer Durables, Bankex, Power, Realty, PSU, IT and Healthcare indices were also higher by 1.7-3% each.
Usha Martin was the top gainer among the Capital Goods stocks, up 6.5% at Rs 59 followed by Havells India, Larsen & Tobro, BGR Energy, Areva T&D, BEML, Thermax, Alstom Projects, Suzlon Energy and BHEL. Among the auto stocks Tata Motors led the rally followed by Amtek Auto, Cummins India, Exide Industries, Apollo Tyres, Ashok Leyland, Maruti Suzuki, Hero Honda and Bajaj Auto, higher by 5.7-2.5% each. United Spirits was the top gainer among the FMCG stocks followed by United Breweries, Marico, Dabur India, Nestle, Tata Global Beverages and ITC.
The overall market breadth remained positive as 2381 stocks advanced while 445 stocks declined.
