At 2:03 pm - Markets are trading with strong gain but off the day’s highs. The BSE banking, realty, IT and realty are witnessing strong buying interest. Decline in inflation number trigger positive momentum for the market, Inflation for this week reported at 7.14% for April 5 as against 7.41% in earlier week.

The BSE bankex has outperformed the other sectoral indices; it was up over 3% at 8317.

At 2.03 pm, the Sensex was up 225.94 points or 1.39% at 16470.13, and the Nifty was up 61.40 points or 1.26% at 4948.70.

About 2046 shares have advanced, 771 shares declined, and 257 shares are unchanged.

Top gainers on the bourses are HDFC Bank at Rs 1,384.25 up 6.02%, Hindalco at Rs 184.10 up 4.31%, Infosys at Rs 1,664 up 4.00% and SAIL at Rs 169.90 up 4.84%.

Most active shares on BSE Orchid Chemical, NDTV and Reliance.

At 1:02 pm - The markets have maintained uptrend and are still trading strong as buying seen in technology, realty, banking, metal, telecom and power stocks. Decline in inflation numbers also added to the positive momentum, reported at 7.14% for April 5 as against 7.41% in earlier week. Market breadth is strong, nearly 5:1 that is 1028 shares advanced while 207 shares declined. On the global front, Asian markets ended higher; European markets are trading in green.

At 13.02 hrs IST, the Sensex was up 281 points at 16,522, and the Nifty up 78 points at 4966. About 2062 shares have advanced, 749 shares declined, and 263 shares are unchanged.

Technology, banking, realty, metal and telecom stocks are outperfomer for the day; respective indices gained 2.75-3.7%.

Midcap technology stocks have run up a lot, Hexaware Tech, Rolta, i-flex Solutions and Sonata Software are the star perfomers, up nearly 3-10%. The news from IT Ministry on STPI concession also supported stocks. They said, 'Software Technology Parks of India, STPI concession may be extended for small & medium IT companies. FM has reservations on STPI concession and PM is willing to consider.'

BSE Power, Capital Goods, Auto, Oil, Healthcare and FMCG indices were up 0.5%-1.4%. Midcap and Small Cap were up 1.9% each.

Most active shares on the bourses were Orchid Chem, NDTV, Reliance Industries and Infosys Tech.

HDFC Bank, Infosys, Wipro, SAIL and Power Grid Corp were top gainers while losers - HUL, ACC, Ranbaxy Labs and GAIL.

At 11:55 am - The markets have reacted cheerfully to decline in inflation numbers, which was at 7.14% for the week ended April 5 as against earlier 7.41% while the market estimated at 7.3%. Inflation cooled off a bit after eight weeks of steady rise. Technology, banking, realty, telecom, metal and power stocks have maintained strong support. Midcap and small cap stocks are trading positive. Market breadth is encourging. On the global front, Asian markets are still in green.

At 11:55 am, the Sensex was up 305 points at 16,550 and the Nifty up 91 points at 4,977. About 2092 shares have advanced, 716 shares declined, and 266 shares are unchanged.

All BSE Indices are in green. Banking, realty, metal and telecom stocks responded positively, respective indices rose over 2-3%. Technology stocks continued its outperformance, index up 3.7%. Power, Oil & Gas, and Capital Goods were up more than 1%.

Midcap and small cap stocks were trading sharply higher, indices up 2% and 1.8%, respectively. MindTree Consulting, Chambal Fert, Infotech Enterprises, Torrent Pharma and ING Vysya Bank surged over 8-12%.

Infosys, ICICI Bank, DLF, Power Grid Corp and SAIL were biggest gainers while losers - Ranbaxy Labs, ACC, HUL, GAIL and Hero Honda.

Wholesale Price Index, WPI for metals went up by 0.9% and all commodities up by 0.3%.

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