Markets extend gains

Markets are trading near the day's high in the noon deals on back of buying in Oil & Gas, IT and banking stocks; the Sensex is at 19,342, up 205 points and the Nifty is higher by 54 points at 5806

Market heavyweight Reliance Industries is the top gainer among the Sensex stocks, the stock is trading higher by more than 3% at Rs 992, BHEL, ICICI Bank, TCS and Hindustan Unilever are also among the gainers on the Sensex. Reliance Infrastructure, Reliance Communication, ACC and ITC are significant losers on the BSE 30 index.

BSE Oil & Gas index leads the sectoral pack, the index is up more than 2% or 206 points at 10,059, BSE IT, Bankex and Capital Goods indices are up more than 0.7% each.

Cairn India is the top gainer among the Oil & Gas stocks trading at Rs 406 up moe than 4%, Reliance Industries, GAIL and BPCL are among the other gainers among Oil & Gas stocks.

Among the IT stocks, TCS is the top gainer followed by Wipro and Mphasis.

Meanwhile, the broader markets are in the red, the mid-cap index has shed 42 points at 7570 and Small-cap index is at 9470 down 45 points. Shree Ashtvinayak Cine Vision, Core Projects, Money Matters Financial Services are the losers on the mid-cap index down more than 10% each. At the same time Koutons Retail is the top loser among the small-cap stocks down 10% at Rs 63, followed by Sujana Metals, Saraswati Industrial Syndicate and Jindal Worldwide down more than 8.5%.

D B Realty leads the Realty losers charts, down 10% at Rs 190, Anant Raj Industries, Parsvanath Developers and Unitech are trading lower by more than 2.5% each.

Market breadth is extremely negative as 1708 stocks are declining while 1108 stocks are advancing.