Nifty Extends Gains; Power, Metal, Cap Goods, Auto Shine

At 12.07 hours IST NSE Nifty was trading above 5000 levels, with positive bias. The markets opened on a buoyant note on the back of both Reliance clay called a ceasefire on Sunday. After hovering around the 5000 area for quite sometime, finally Nifty broke decisively above key psychological mark.

Heavy buying was seen in oil & gas, power, metal, capital goods, auto, consumer durables and realty stocks. All BSE sector indices were trading in green. The broader markets witnessed smart rally in today's trading. BSE Smallcap Index was up 2.2%.

The Sensex was up 269.72 points, or 1.64% at 16,715.33 and the Nifty up 83.95 points or 1.70% at 5015.10. About 2164 shares advanced while 713 shares declined on BSE. Nearly 418 shares remained unchanged.

In largecap space were Reliance Power and Reliance Infra up more than 10%. Reliance Comm, Reliance Capital and Jaiprakash Associates were up 08.04%. HDFC, Sun Pharma, Power Grid Corp, ABB and Cipla were trading in red.

Index heavyweight Reliance was trading at Rs 1,033.15 up 3.76% from its previous close of Rs 995.75. Technical major Infosys was trading at Rs 2,618.40 up 1.25% from its previous close of Rs 2,586.15. Refinery major HPCL was trading at Rs 348.25 up to 0.29% from its previous close of Rs 347.25.

Hindustan Lever was trading at Rs 231.90 up 0.61% from its previous close of Rs 230.50. Cigarette major ITC was trading at Rs 271.85 up 0.13% from its previous close of Rs 271.50.

Top percentage Winners - Reliance Natural Resources shot up 23.15%. Aekta, Nirav Commercial, Metrochem, Shree Ajit Pulp, Tips Industries, Reliance Industrial Infrastructure, insect and Bang Overseas was up 13-17%.

In MidCap instead went Jai Corp, Nirma, Gujarat nourish Coke, REI Six Tues and OnMobile Global up to 6 to 7.7%. But Ananta Raj Industries, DB Corp., Bombay Rayon, Trent, and Piramal Health lost 1.6 to 2.6%.

In SmallCap space, got Lloyds Metals OM Metals Infra, Venkys and TRF 8 to 11.5%, while Suashish Diamond fell 10.8%. CMI FPE, Kanani Industries Subhkam Capital and Intra Infotech fell 4.5 to 6.7%.