At 12.36 hrs IST, the Nifty was trading above 4950 level. The pullback rally continued after a day of consolidation. Heavy buying was seen in metal, IT, auto, pharma and capital goods stocks. However, SBI and Tata Power were marginally trading in red.

All BSE sectoral indices were trading in green. The BSE Midcap and Smallcap indices were up 1.44% and 1.04% respectively.

The Sensex was up 244.87 points or 1.49% at 16685.43, and the Nifty was up 74.40 points or 1.52% at 4956.10. About 1863 shares advanced while 1111 shares declined on the BSE. Nearly 792 shares were unchanged.

Shree Renuka Sugars acquired Brazilian company VDI. The company will pay $ 82 million for 100% stake in VDI. The enterprise value of VDI was $240 million. The stock was up over 2%.

Sources told CNBC TV18 that Essar Shipping has put 1 VLCC on long-term charter rate at around $30,000/day. The stock was up 5%.

Sources also told CNBC TV18 that MTNL may pull out of race for Zambia Telecom company Zamtel. MTNL was up 6%.

Top percentage gainers in the midcaps were Jubilant Org up 16.64%; REI Six Ten up 8.21%; Shipping Corp up 8.20%; MTNL Rs 77.50 6.38%; United Brewerie up 6.29%

Top percentage losers in the midcaps were Jai Corp down 7.16%; Bajaj Finserv down 3.64%; LIC Housing Fin down 2.54%; Blue Dart down 2.48%; GVK Power down 1.68%.

Top percentage gainers in the smallcap: MSP Steel, UB Holdings, Agro Tech Foods, Indraprastha Gas, Shrenuj and Co were up 9-17%.

Top percentage losers in the smallcap: Zodiac Clothing, Kanani Industr, Advanta, Geekay Fin & Dhanuka Agritec down 3-5%.

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