Markets extend rally

The markets continue the upward trend. The Sensex is up 365 points at 20,569 and Nifty has crossed the magical figure of 6200, the Nifty is at 6203 up 112 points.

Meanwhile, the European markets have also opened on higher. French CAC is up more than 1% or 57 points at 3806, FTSE is higher by 69 points at 5731 and DAX is at 6363 up 58 points. Hang Seng is also higher by 335 points at 23,457.

Backhome, HDFC is leads the Sensex gainers charts, the stock is up nearly 3.94% at Rs 735 followed by TCS, Jaiprakash Associates, Wipro, Hindustan Unilever and DLF up more than 2.4% each. However NTPC is the only loser on the Sensex.

All the sectoral indices are trading higher by 0.70%. IT index continues to lead the sectoral charts up 2.48% or 150 points at 6208 followed by Tech, FMCG, Realty and Capital Goods indices up more than 1.5% erach.

TCS continues lead the rally among the IT stocks, the stock is trading at Rs 989 up more than 4%, followed by Oracle Financial Services Software, Patni Computers, HCL Technologies and Infosys up more than 1.9% each.

The broader markets continue to touch new intra day highs. The MID-cap index is up 0.81% or 67 points at 8421 and Small-cap index is at 10,755 up 126 points.

MVL continues to lead the Mid-cap charts up 10.6% at Rs 80 followed by, Indian Metals and Ferro Alloys, Apollo Hospitals, KGN Industries and Petronet LNG.

Among the Small-cap stocks Kasturi Global is the top gainer followed by Gilf Oil Corporation, Arvind, Uflex and Meghmani Organics up more than 11% each.

The market breadth is extremely positive, out of 3032 stocks traded on the BSE 1977 stocks are advancing and 935 stocks are declining.