 "Markets extend gains; Tata Power up 3%")
Markets continue to trade firm in the noon deals with the benchmark indices over 0.5% each on the back of strength emerging in beaten down pockets like financials after the Reserve Bank of India cut an overnight interest rate on Monday.
At 1430 hrs, the Sensex was up 145 points at 20,040 and the Nifty gained 38 points to trade at 5,944.
In the broader markets, midcap and smallcap indices too were up nearly 0.5% each as compared to the 0.6% gain seen on the Sensex.
MSCI's broadest index of Asia-Pacific shares outside Japan reversed early losses to trade up 0.4%, while China's CSI300 index climbed 0.9% on its first trading day in a week after the National Day holidays.
Tokyo's Nikkei share average advanced 0.3% after earlier hitting a five-week low, though its volatility gauge added 0.5% as an indication that investors were not totally off their guard over the U.S. fiscal situation.
Back home, all the sectoral indices were in the green except Metal index, which lost sheen and was down 0.2%.
Among the gainers were Realty and Capital Goods indices which were up 1.7% each followed by Bankex, FMCG and Power indices gaining 1% each.
Consumer Durables, Health Care, Auto, Oil & Gas, PSU and Teck indices were up 0.3-0.8%.
The losers among the Sensex-30 were metal names like Hindalco, Coal India, Sesa Goa and Tata Steel down 0.5-1%.
Auto names like Hero MotoCorp and Bajaj Auto were down 0.5% each.
TCS, HDFC, Cipla, BHEL and HDFC Bank down 0.3-0.5% were the other notable losers.
On the gaining side was Tata Power up 3% after the company signed a share purchase agreement to buy 39.2 megawatts wind farm in Gujarat, from US-based AES Corporation's Indian subsidiary.
ICICI Bank, L&T, Bharti Airtel, Jindal Steel, ITC and Sun Pharma up 1.6-3% were the prominent gainers.
NTPC, Dr Reddys Lab, ONGC, Tata Motors and Wipro too gained between 0.5-1%.
The market breadth was positive. 1200 stocks advanced while 1067 stocks declined on the BSE.
At 1430 hrs, the Sensex was up 145 points at 20,040 and the Nifty gained 38 points to trade at 5,944.
In the broader markets, midcap and smallcap indices too were up nearly 0.5% each as compared to the 0.6% gain seen on the Sensex.
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Meanwhile, Asian shares, too rose as the data showed China's services industry continued to expand, soothing to some extent nerves jarred by fears of a U.S. debt default as the U.S. government shutdown entered a second week.
MSCI's broadest index of Asia-Pacific shares outside Japan reversed early losses to trade up 0.4%, while China's CSI300 index climbed 0.9% on its first trading day in a week after the National Day holidays.
Tokyo's Nikkei share average advanced 0.3% after earlier hitting a five-week low, though its volatility gauge added 0.5% as an indication that investors were not totally off their guard over the U.S. fiscal situation.
Back home, all the sectoral indices were in the green except Metal index, which lost sheen and was down 0.2%.
Among the gainers were Realty and Capital Goods indices which were up 1.7% each followed by Bankex, FMCG and Power indices gaining 1% each.
Consumer Durables, Health Care, Auto, Oil & Gas, PSU and Teck indices were up 0.3-0.8%.
The losers among the Sensex-30 were metal names like Hindalco, Coal India, Sesa Goa and Tata Steel down 0.5-1%.
Auto names like Hero MotoCorp and Bajaj Auto were down 0.5% each.
TCS, HDFC, Cipla, BHEL and HDFC Bank down 0.3-0.5% were the other notable losers.
On the gaining side was Tata Power up 3% after the company signed a share purchase agreement to buy 39.2 megawatts wind farm in Gujarat, from US-based AES Corporation's Indian subsidiary.
ICICI Bank, L&T, Bharti Airtel, Jindal Steel, ITC and Sun Pharma up 1.6-3% were the prominent gainers.
NTPC, Dr Reddys Lab, ONGC, Tata Motors and Wipro too gained between 0.5-1%.
The market breadth was positive. 1200 stocks advanced while 1067 stocks declined on the BSE.