Sensex firm, up over 400pts; breadth extremely +ve
The Sensex continues to display enormous strength and is now up 416 points at 10,318.
The BSE Realty index has surged 6.8% to 1,757. The Metal index and Bankex have rallied around 5.5% each to 6,152 and 4,848, respectively. The Capital Goods index has soared 4.7% to 6,767.
Tata Motors has zoomed nearly 10% to Rs 197. DLF and Jaiprakash Associates have soared around 9% each to Rs 193 and Rs 93, respectivey.
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Reliance Infrastructure has surged 7.5% to Rs 590. ICICI Bank has rallied 7% to Rs 374.
Tata Steel, Mahindra & Mahindra and Larsen & Toubro has moved up over 6% each to Rs 223, Rs 419 and Rs 713, respectively.
HDFC, Sterlite and Wipro have moved up nearly 6% each to Rs 1,595, Rs 372 and Rs 266, respectively.
Reliance Communications, Tata Power and TCS have advanced around 5.5% each to Rs 190, Rs 838 and Rs 573, respectively.
SBI, Bharti Airtel, HDFC Bank, Hindalco, Reliance and ONGC are up around 4-5% each.
The market breadth is exremely positive - out of 2,127 stocks traded so far, 1,646 have advanced, 419 have declined and the rest are unchanged.