Markets surge to higher levels

The BSE Sensex is now at 15,221, up 378 points. The NSE Nifty has added 120 points to 4,519.
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(Updated at 1410hrs)

The NSE Nifty is exhibiting sideways and quite a lacklustre movement for the last few hours. The index is now at 4,471, up 73 points.

Sterlite has gained 5.5% at Rs 634 and Hindalco has advanced 5% to Rs 90.

Reliance Infrastruture, SAIL and Power Grid have increased around 4% each to Rs 1,135, Rs 173 and Rs 113, respectively.

Tata Motors, Jindal Steel and Maruti are up 3.5% each at Rs 337, Rs 2,888 and Rs 1,257, respectively. DLF, Idea, HCL, Mahindra & Mahindra, Unitech and ACC are up 3-3.5% each.

On the other hand, Bharti Airtel has slipped 2.5% to Rs 802 and Siemens has dropped 2% to Rs 453.

Meanwhile the BSE Sensex is at 15,066, up 233 points.

The market breadth is fairly negative- out of 2,601 shares traded, 918 have declined and 1,598 have advanced so far on the BSE.

The BSE Consumer Durables, Metal and Realty indices are up above 3.5% each.