Market breadth extremely +ve; financial, realty stocks firm

The Sensex is now up 353 points at 14,401. Financial and realty stocks continue to lead the upmove.

ICICI Bank has soared 5.5% to Rs 669, and SBI has rallied 4.5% to Rs 1,370. HDFC Bank has surged 4% to Rs 1,265. HDFC has advanced 3.5% to Rs 2,325.

Reliance Infrastructure and DLF have surged 3.7% each to Rs 970 and Rs 486, respectively. Jaipakash Associates has added 3.3% to Rs 161.

Tata Motors has rallied 3.5% to Rs 432. Reliance Communications, BHEL and Larsen & Toubro have advanced around 2.5% each to Rs 395, Rs 1,671 and Rs 2,562, respectively.

 

Tata Steel, Wipro, Maruti and and Sterlite have moved up over 2% each to Rs 585, Rs 423, Rs 644 and Rs 621, respectively.

TCS, Reliance and Satyam are up 2% each at Rs 810, Rs 2,115 and Rs 415, respectively.

Ranbaxy is the sole loser, down 0.5%, at Rs 511.

The market breadth is extremely positive - out of 2,118 stocks traded so far, 1,503 have advanced, 548 have declined and 67 are unchanged.