The benchmark indices are trading almost a per cent higher this morning, bolstered by realty and auto heavyweights. Everything looked favourable for the markets, going into opening bell. The Wall Street had gained on receding fears of a debt crisis afflicting the global economy, Asian markets bore a healthy look and back home, the UPA government had passed the Union Budget for 2011. And our bourses did not fail. After a firm opening, the Sensex has now strengthened by 111 points at 17614 and the Nifty has added 33 points at 5287. Midcap and smallcap indices have added more than a per cent each at 7199 and 9278 respectively.
Realty stocks are continuing their good run for the second consecutive day. Reliance Infra is the leading gainer on the BSE, having added 2.3% at Rs 1150 and DLF has added 1.8% at Rs 314. And auto stocks are giving company. Tata Motors has strengthened by 2.3% at Rs 862 and Hero Honda has appreciated by 2% at Rs 1874. And index heavyweight RIL has added 0.4% at Rs 1039.
Among the losers, ONGC has weakened by 0.9% at Rs 1036, ACC has shed 0.6% at Rs 891 and Infosys has lost 0.4% a Rs 2693.
The market breadth has strengthened further. There are now four advancing stocks behind every declines.
