Sensex up 106pts; TCS surges 6%
The Sensex extended gains to touch a high of 14,473. The index is now at 14,429, up 106 points.
TCS has surged 6% to Rs 387. Jaiprakash Associates has gained 4.5% at Rs 210. Tata Motors has added 4% to Rs 356.
Grasim, Sun Pharma, Wipro and Reliance Infrastructure have advanced 3% each. Reliance Communications, Hindalco, ACC, DLF, Bharti Airtel and ONGC have moved up around 2% each.
Larsen & Toubro, BHEL, ITC, Tata Power, Infosys, Hindustan Unilever, Tata Steel and NTPC are the other gainers.
Meanwhile, Sterlite and ICICI Bank have slipped 1.5% each to Rs 568 and Rs 688, respectively. HDFC and HDFC Bank have also declined.
The market breadth is fairly positive. Out of 2,541 stocks traded, 1,715 have advanced while 736 have declined.