After taking a small pause the bulls are back again and back with style. The markets opened strong and the bulls gradually took it higher making it the biggest ever gain for the Sensex closing near the high point of the day. The rise was incredible and ferrocious with Sensex adding around 900 points and Nifty up nearly 300 points. Volume has been extremely impressive on account of broad base participation by the investors.

Capital goods, power, realty, metal stocks surged.  All the key BSE indices ended in green with significant gains and the market breadth was also very good. 

Midcap space was looking robust with Reliance Capital up 14%, Punj Lloyd up 14%, PFC up 11%, Power Grid up 7%, Kotak Mahindra up 12%.

Mkts zoom: Sensex adds 900 points, Nifty up nearly 300 pts

There is no stopping for the bulls as they have got more heady and moved upwards. The bounce back has been phenomenal, Sensex is up over 850 points and Nifty has also scored over 275 points. Its is the biggest intra day gain for Sensex. Volume has been extremely impressive on account of broad base participation by the investors.

Power and capital  goods stocks have rebounded and Suzlon is up 12% on the back of strong quarterly numbers. Reliance Energy is up over 7% and BHEL, ABB & L&T are also up nearly 7%.

Realty, metal, power and capital goods stocks surged. All the key BSE indices are in green with significant gains and the market breadth was also very good. 

Capital goods index is up 8%, followed by metal, oil & gas and realty indices are up nearly 6%. Pressure is seen on select IT and auto  pivotals.

Reliance Energy, HDFC Bank and L&T are up 7% each. Unitech is up nearly 10%, Suzlon up 12% and PNB is up over 8%.

HDFC, Wipro, TCS, HCL Tech, Hero Honda were among the losers on the indices.

Markets northbound: Rel Energy, L&T, ABB surge

The markets are trading near the highest point putting on more weight on account of increased buying in index pivotals. The bounce back has been phenomenal, Sensex is up over 600 points and Nifty has also scored a double century gaining over 200 points.

Market trades higher: Nifty scores a double century

The markets have gained further ground and moved higher on sustained buying in scrips across sectors.

Realty, metal, power and capital goods stocks surged. All the key BSE indices are in green with significant gains and the market breadth was also very good. 

Capital goods index is up over 6%, followed by metal, oil & gas and realty indices are up over 4%. Pressure is seen on select ITand auto  pivotals.

Power and capital  goods stocks have rebounded and Suzlon is up 13% o the back of strong quarterly numbers. Reliance Energy is up over 6% and BHEL& L&T are also up over 6%.

Rupee was quoting at 39.69 against a US dollar. Volume has been extremely impressive on account of broad base participation by the investors.

Top gainers on the Sensex are Bharti Airtel at Rs 987.20 up 6.42%, Reliance Energy at Rs 1,454.80 up 6.19% and BHEL at Rs 2,168.80 up 5.44%.

Top gainers on the Nifty are Reliance Energy at Rs 1,455 up 6.40%, Bharti Airtel at Rs 986.85 up 6.08% and Unitech at Rs 324.30 up 6.05%. 
 
Top losers on the Nifty are HDFC at Rs 2,540 down 0.74%, BPCL at Rs 339.80 down 0.6% and Hero Honda at Rs 754 down 0.48%. 

Mkts in momentum; power, banking, stocks in focus

The markets are trading strong today on the back of heavy buying coming in banking, power, capital good and metal stocks. All the key BSE indices are in green with significant gains and the market breadth was also very good. 

Top gainers on the Sensex are Bharti Airtel at Rs 987.20 up 6.42%, Reliance Energy at Rs 1,454.80 up 6.19% and BHEL at Rs 2,168.80 up 5.44%.

Top gainers on the Nifty are Reliance Energy at Rs 1,455 up 6.40%, Bharti Airtel at Rs 986.85 up 6.08% and Unitech at Rs 324.30 up 6.05%. 
 
Top losers on the Nifty are HDFC at Rs 2,540 down 0.74%, BPCL at Rs 339.80 down 0.6% and Hero Honda at Rs 754 down 0.48%. 

BSE IT index was up 76.25 at 4695.42, BSE Healthcare index was up 77.63 at 3807.62, BSE FMCG index was up 55.79 at 2100.82 and Bankex was up 292.45 at 9321.54.

Mkts open on strong note; cap good, bank stocks up

The markets opened on a very strong note today in line with its Asian peers. Capital goods, banking annd realty stocks were on fire in the early trade and the market breadth was extremely impresive.

At 9:56 am, Sensex was up 427 points at 18041 and Nifty was up 151 points at 5335. Major gainers in the early trade were Rel Comm, Rel Energy, SAIL, Power Grid, ONGC, Reliance, Satyam, Rel Petro, Suzlon, ACC, VSNL and SBI.

Asian indices were higher today after a rebound on Wall Street. Hong Kong's Hang Seng surged 2.01% or 570.76 points at 28,944.39, Taiwan's Taiwan Weighted gained 1.14% or 106.82 points at 9,467.45, Japan's Nikkei rose 0.34% or 56.44 points at 16,494.91, South Korea's Seoul Composite was up 1.22% or 23.26 points at 1,927.07 and Singapore's Straits Times advanced 0.47%or 17.02 points at 3,659.66.

US markets: The Dow gained 44.95 points, or 0.33%, to 13,566.97. The S&P 500 index rose 5.70 points, or 0.38%, to 1,506.33, and the technology-dominated Nasdaq composite Index gained 28.77 points, or 1.06%, to 2,753.93.

Market cues:

• FIIs net sell $797.1 mn in equity on Oct 21
• SEBI proposes conversion of proprietary sub-accounts to FIIs
• SEBI wants letter of intent within 24 hours and application within a week
• PM says he is embarrassed on how the Nuke deal was handled; Congress says deal not dead
• NSE F&O Open Interest up by Rs 1,727 crore (Rs 17.27 billion) at Rs 96,344 crore (Rs 963.44 billion)

F&O cues:

• Marketwide rollover at 24% and Nifty rollover at 35%
• Nifty Oct sheds 15 lakh shrs in Open Interest
• Nifty Nov adds 29 lakh shrs in Open Interest
• Nifty Oct at 10-point discount, Nov at 28-point discount
• Nifty Open Interest PCR flat at 1.13
• Nifty Puts, Calls add 6 lakh shrs each in Open Interest
• Nifty 5000 Put adds 3.1 lakh shrs in Open Interest
• Nifty 5200 Call adds 2.6 lakh shrs in Open Interest
• Stock Futures add 51 lakh shrs in Open Interest