Sensex gains 188pts; Realty, Bankex lead the rally

The Sensex has moved up further beacuse of buying in realty and banking stocks. The index is now at 12,060, up 188 points.

Nifty has moved 1.5% to 3,645.

Realty and Bankex indices are up over 2.5% each at 2,416 and 6,297, respectively.

ICICI Bank has advanced 3.5% to Rs 555. Jaiprakash Associates and TCS have gained over 3% each to Rs 141 and Rs 640, respectively.

Sterlite, Tata Motors, Tata Power, Larsen & Toubro and HDFC have added over 2.5% each to Rs 462, Rs 267, Rs 908, Rs 972 and Rs 1,915, respectively.

The other gainers are Tata Steel, Reliance Communications, DLF, Bank of India and Grasim are over 2% each.

However, ONGC has dropped 1% to Rs 823.

The market breadth is very positive - out of 1,942 shares traded, 1,442 have advanced and 448 have declined so far at the BSE.