Sensex holds on to early gains; MCX rises over 30%

The BSE Sensex retained its early gains due to consistent buying in banks, capital goods, auto, metals and oil & gas stocks. Even the NSE Nifty managed to hold 5300 level. Shares of Multi Commodity Exchange of India (MCX) rose 30.57% to Rs 1,347.50 with volume of 38 lakh shares on the National Stock Exchange.

Asian markets too sustained its uptrend as Greece completed its debt swap deal. About 85.8% of bondholders have accepted Greece bond swap offer. Country has received consent for 152 billion euros. Nikkei rose 1.65% and Hang Seng gained 1%. Shanghai advanced 0.4%.

Back home, the BSE benchmark was trading at 17,450.94, up 305.42 points or 1.78%. Meanwhile, the NSE benchmark gained 96 points at 5,316.70.

Shares of country's largest lenders SBI and ICICI Bank shot up 4% & 3%, respectively; while rival HDFC Bank rose 1%.

Engineering & construction major Larsen & Toubro climbed 4.3% and state-run capital goods major BHEL moved up over 2%.

India's most valued company Reliance Industries advanced 1%. TCS and Bharti Airtel were up 1.5-2%.

Shares of HDFC, Tata Motors, Tata Steel, Jindal Steel, Sterlite Industries and Maruti shot up 3-4.7%.

Click on the speaker icon on top-right to play the accompanying audio

However, M&M, HUL and Wipro were losers among Sensex 30, falling 0.3-1.3%.

Mahindra Satyam surged 3% after the company bought vCustomes