BSE Sensex above 10,000; Fiscal Package expected

After a weak start on Friday, Indian Markets are looking strong at 2.10 pm IST. Market experts are expecting Finance Ministry to announce second Fiscal package. NSE Nifty was up by 28 points at 3062 while BSE Sensex crossed 10,000 mark again.

Among major gainers were DLF, Tata Motors, Reliance Infra, Hindalco, Unitech, SAIL, ITC, ABB, Siemens, NALCO, Tata Steel, Power Grid, Reliance Petro and Cipla.

Reliance Industries was up by Rs 37 at 1292. The stock touched an intraday high and low of Rs 1299 and 1252 respectively. ICICI Bank and Suzlon Energy were also among gainers.

Ranbaxy Labs was among major losers in early trades. The stock has bounced back and was trading at Rs 254 after touching an intraday low of Rs 243.

Among top losers were Zee Entertainment (down by 3.6%), Satyam (down by 2.6%), Ambuja Cements (down by 2.05%), Hero Honda (down by 2%), Bharti Airtel (down by 1.7%).

Seoul market was up by 2.9%.  KOSPI gained nearly 33 points to end at 1157. European Markets are expected to open strong. Indian Markets may end the day with decent gains.

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