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Aug 06, 2012, 03.43 PM IST
Indian equity benchmarks extended gains in last one hour of trade led by further rally in index heavyweight Reliance Industries that gained nearly 6%.
Top commercial vehicle maker Tata Motors and infrastructure company Jaiprakash Associates surged 3.75%.
State-owned power equipment manufacturer BHEL, gas transportation services provider GAIL and steel producer Tata Steel rallied 2% each.
Reliance Infrastructure and Kotak Mahindra Bank gained 3% each.
However, oil marketing company BPCL tanked more than 2% as WTI crude rose nearly 5% and Brent crude went up 3% on Friday.
In the second line shares, BOC India, Fresenius Kabi, Honeywell Automation, Anant Raj Industries and Gujarat State Petronet jumped 5-8% while DB Corp, Glodyne Tech, S Mobility, KSK Energy Ventures and Parsvnath lost 3-6%.
On the BSE, advancers outnumbered decliners by 1674 to 1044. The Midcap Index moved up 0.7% and Smallcap up 1%.
The BSE Sensex and NSE Nifty continued to trade with sharp upmove since morning due to positive global cues. Both Reliance groups' stocks were on buyers' radar. Reliance Infrastructure, Reliance Capital, Reliance Power and Reliance Communications were up over 3-4.6% while Reliance Industries gained nearly 5%.
Indian shares maintained early gains quite nicely, rising more than 1% due to buying interest in banks, auto, metals and infrastructure stocks. The broader markets too were on buyers' radar; the Midcap Index was up 1% and Smallcap up 1.4% as about three shares advanced for every share declining on the BSE.
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