continuous buying in telecom, metal, banking, power, realty and select auto stocks along with heavyweights RIL & L&T was helping the Sensex to maintain about 100 points gains. However, selling in select stocks like technology, cement stocks along with ONGC, BHEL and Ranbaxy Labs capped the gains to some extent, which was also adding some volatility.
The market breadth was positive; about 1,840 shares advanced while 1,072 shares declined on the BSE. Nearly 526 shares were unchanged. Among the broader indices, the BSE Midcap rose 0.8% and Smallcap up 1%.
The 30-share BSE Sensex was trading at 16,703, up 102 points and the Nifty was at 4,985, up 32 points. European markets were also trading higher in early trade.
Sensex trades higher; Bharti, SAIL, Tata Steel top gainers
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