Sensex strengthens further; realty, tech, FMCG, banks gain

ALSO READ See Key Market Stats - Top Gainers/ Losers, Most Actives, Highs/Lows See how Global Markets are trading Indian ADRs BSE | NSE 10/02/12

At 10:58 hours IST, the Sensex strengthened further. Positive Asian markets were supportive while buying in technology, banking, realty, FMCG, oil & gas exploration, cement and select auto stocks was helping as well. The Nifty has tested the 4650 level as well.

Among the Asian markets, Hang Seng, Kospi and Taiwan Weighted gained 1.3-1.7%. Shanghai, Jakarta and Straits Times went up 0.7% each. Nikkei was marginally in the green.

The Sensex rose 287 points to 15,692 and the Nifty gained 82 points at 4,646. Among the broader indices, the BSE Midcap Index rose 1.6% and the Smallcap Index up 0.7%, as about 750 shares advanced while 429 shares declined on the NSE.

All the sectoral indices were in the green barring power. The BSE Realty Index was the major loser in the last six days, which shot up 4.8%. IT, Oil & Gas, TECk and Bank indices moved up 2-3%.

Technology stocks like Infosys, HCL Tech, TCS and Wipro were up 2.4-3.9%.

In the banking space, ICICI Bank shot up 4%. PNB, Axis Bank, Kotak Mahindra, SBI and HDFC Bank gained 0.9-2.4%.

Realty stocks like Indiabulls Real surged 9%. Unitech and DLF went up 4% each.

In the FMCG pack, ITC, HUL, United Spirits, Tata Tea, Marico and Dabur India were up 0.9-2.5%.

Auto stocks like Bharat Forge, Ashok Leyland, Bajaj Auto, Maruti Suzuki, Tata Motors, M&M and Hero Honda gained 0.7-2%.

In the midcap space, Indiabulls Real, Amtek Auto, United Breweries, HDIL and Torrent Power surged 5.5-7.5% while KGN Industries, Hindustan Oil Exploration, Andrew Yule, Maharashtra Seamless and Spice Communication fell 2.5-4.5%.

In the smallcap space, Agro Tech Foods, SREI Infra, Indiabulls Securities, Bliss GVS and Bilcare went up 6-8% while Shree Ram Urban, Webel SL Energy, Prime Securities, Gayatri Project and Panacea Biotec declined 5-10%.

Continued on the next page..