Equity benchmarks remained strong. The Sensex rose 201.44 points or 0.83 percent to 24389.81 and the Nifty climbed 58.05 points or 0.79 percent to 7409.05. About 1207 shares have advanced, 949 shares declined, and 98 shares are unchanged on the BSE.
The market extended rally in morning trade with the Sensex rising 182.71 points to 24371.08 and the Nifty climbing above 7400, up 49.30 points to 7400.30. The broader markets outperformed benchmarks with the BSE Midcap and Smallcap indices rising 0.4 percent each. The market breadth was marginally positive as about 1034 shares advanced against 818 declining shares on the BSE. Reliance Industries gained more than 1 percent ahead of third quarter earnings. Banking stocks saw short covering today as ICICI Bank and Axis Bank surged 3 percent each followed by SBI with a 2 percent upside. Tata Motors, Bharti Airtel and NTPC rallied 2 percent each while Mahindra & Mahindra, ONGC, Wipro, BHEL and Tata Steel fell more than 1 percent.
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