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Markets continued their bullish trend in noon trades on Friday, amid a strengthening rupee, led by index heavyweights and financials.
At 1PM, the Sensex was up 316 points at 20,732 after hitting a three-year high of 20,765 and the Nifty was up 94 points at 6,152.
The rupee appreciated against the US dollar on expectations that the US Fed may postpone tapering of the stimulus programme. The rupee was trading at 60.67 compared to previous day's close of Rs 61.22.
Most Asian indices were trading higher after US lawmakers came to an agreement to raise the debt ceiling and avoided a potential default coupled with encouraging Jul-Sep growth from china. China’s gross domestic product expanded 7.8 percent last quarter, official data showed today, halting a two-quarter slowdown.
All sectoral indices on the BSE were in the green led by Metal which gained 3.6% followed by Bankex, Realty, Oil and Gas indices.
Among the index heavyweights, Reliance Ind was up 2.2%, Infosys was up 1%.
In the financial segment, HDFC Bank, ICICI Bank, HDFC and SBI were up 2-3% each.
Metal shares were up on expectation of demand revival after encouraging Jul-Sep GDP growth from China. Sesa Sterlite, Tata Steel, Hindalco, Jindal Steel were up 1.5-7% each.
Other Sensex gainers include, ITC and L&T.
Among other shares, Just Dial has rallied over 8% to Rs 955 after the company said its board will discuss the new business opportunities available to the company.
