All the 13 sectors at Bombay Stock Exchange’s Sensex were in green zone while all the 30 stocks at Sensex were trading high at one point of trade. Realty index was leading the list of gainers with 0.9 per cent gains, oil and gas index was up by 0.75 per cent, capital goods added 0.65 per cent while metal, banking and power indices were showing a gain of near half a per cent.
Sun Pharma, JP Associates, Reliance Communications, DLF and Reliance Infra were the top 5 bull market cheer leaders at the Sensex. Sensex heavy weight Reliance Industries extended its rally and added near 0.9 per cent, Larsen and Turbo advanced by 0.7 per cent while Godrej consumer Products was showing a gain of near 0.75 per cent.
“This rally is due to the better expectation of the fourth quarter results of the top Indian firms after the trickle of their advance tax payments. But, the market looks capped on upside due to high valuations”, said Neeraj Dewan, director at Quantum Securities.
Source : http://beta.profit.ndtv.com/news/show/sensex-up-on-broad-rally-nifty-above-5200-30680.
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