Markets extend gains; Nifty up 48pts

Markets have continued to gain. The Sensex is at the day's high of 15,418, up 183 points. The Nifty is at 4,572 - down only six points from the day's high. The index is up 48 points from the previous close.
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(Updated at 1414 hrs)

The market has extended gains.

The NSE Nifty soared to a high of 4,575 - up 71 points from the day's low. The index is now up 44 points at 4,568.

Tata Motors has surged over 7% to Rs 365. Suzlon has rallied 6% to Rs 102.

Maruti Suzuki and HCL Tech have gained 4.7% each at Rs1,358 and Rs 235, respectively.

Tata Steel, ABB, DLF, Sterlite, Idea Cellular and Unitech have added 3-4% each.

However, Ambuja Cements has dropped 2% to Rs 95. Punjab National Bank has slipped 1.5% to Rs 725.

Reliance, HDFC, Sail and Cipla are down over 1% each.

Meanwhile, the Sensex has surged to a high of 15,419. The index is now up 139 points at 15,370.

The BSE Mid-cap and Small-caps have outperformed the broader markets. The former has added 1.5% while the latter is up 1.6%.

The market breadth is fairly positive. out of 2,653 stocks traded 1,691 have advanced and 873 have declined.