Stocks opened sharply higher on Wednesday cheering the UPA government's win in the confidence vote in parliament. Investors were on a buying spree across the board. Banking stocks were in demand followed by realty and power stocks.
At 10 am, Bombay Stock Exchange's Sensex soared to 14,739.79, up 4.5 per cent or 636 points from Tuesday's close. National Stock Exchange's Nifty climbed 4.28 per cent or 181.35 points to 4421.45.
Midcaps and smallcaps also participated in the rally. BSE Midcap and Smallcap indices were up 3.5 per cent and 2.8 per cent respectively.
Biggest Sensex gainers were ICICI Bank (10.72%), HDFC (9.98%), Reliance Infrastructure (9.1%), HDFC Bank (8.73%), BHEL (8.17%) and DLF (6.35%).
There were no losers in the 30-share index.
Market breadth on BSE, was extremely positive with 1849 advances outnumbered 734 declines.
Now market is at --
sensex 14614 and Nifty is at 4400 .
These numbers are seen after long time. |
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