With good signals from the international markets, boom is being seen in the domestic markets. Sensex and Nifty is trading with a gain of about 0.5 percent.
The market is supported by better economic data in China. Better than expected in the fourth quarter, China's GDP growth is 7.3 percent. While in December China's industrial production and retail sales data showed better growth than expected.
Metal and Power stocks are in buying trends. However, the pressure seems on FMCG stocks. Midcap and smallcap stocks are seeing gains. The Asian markets have gained 0.5-1.5 percent.
The BSE 30-share index Sensex 102.5 points with 0.4 percent growth is trading at 28364.5. While the 50-share NSE leading index Nifty rose 0.5 percent close to 30 points, i.e trading at 8581 levels.
During the market Asian Paints, Grasim, Sesa Sterlite, Cipla, Tata Steel, Hindalco and HDFC like heavyweight stocks have gained from 1.4 to 0.8 percent. However, GAIL, HUL, M&M and Sun Pharma like giant shares declined from 1.5 to 0.1 percent.
In midcap stocks Westlife Development, Sun Pharma Advanced, syntax, Jyoti Lab and Sterlite Tech gained most from 4 to 3.1 percent. Smallcap stocks Tilak Finance, PMC Fincorp, Muthoot Finance, Rajesh Exports and ISGEC Heavy rose from 5 to 1.75 percent.
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