Sensex up over 250 pts; RIL, DLF, SAIL, SBI, ICICI Bk lead

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At 14:55 hours IST,- the Nifty rallied further and was trading above the 5,100 mark as global cues were positive. Banking, metal, pharma, realty, telecom, power, cement and auto stocks along with Reliance Industries were witnessing buying interest.

On the global front, European markets were up over 1.6% and the US index futures gained 0.7% each, which is pointing towards positive opening in US markets today. Asian markets closed 1-2.5% higher.

Heavyweights like Reliance Industries, SAIL, SBI, Sterlite Industries, ICICI Bank and Bharti gained 1.7-4%.

The Sensex was trading at 17,192, up 266 points and the Nifty was at 5,119, up 88 points. 

Among the broader indices, the BSE Midcap Index was up 1.6% and the Smallcap Index was up 2.15%. About 2,057 shares advanced while 827 shares declined on the BSE. Nearly 549 shares were unchanged.

In the largecaps, Unitech shot up 10.40%. Sun Pharma, Tata Motors, DLF, M&M and Reliance Infrastructure gained 4-6%. However, select stocks like HUL, BHEL, ITC, TCS and GAIL were the losers.

In the midcap space, REI Six Ten, Jet Airways, Havells India, Kingfisher Airlines and National Fertiliser were up 6-13.5% while AIA Engineering, Jain Irrigation, Allcargo Global, Simplex Infra and Shriram City lost 1.6-4.5%.

In the smallcap space, Zydus Wellness locked at 20% upper circuit. OCL Iron and Kiri Dyes Chemical rallied over 19%. KPR Mill was up 18% and Noida Toll was up 12.54%. However, Jindal Worldwide, Nirlon, PVP Ventures, MSP Steel and Rollatainers declined 3-5%.

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