Markets Open Strong; Sensex Surges Past 15,500

Today, the stock market opened on a cheerful note this morning as the bulls, captivating worldwide cues, continued a buying spree in early trade. Reflecting the optimistic beginning, the Sensex that opened its eyes with a positive gap of about 145 points, soared up past the 15,500 mark to 15,535.85 in early trades.

Presently, the Sensex is up with an hefty gains of 208.03 points or 1.36 per cent at 15,516.01. The Nifty that erupted to 4526.10, has recorded a gain of 1.35 per cent or 60.35 points at 4522.45.

Bank, IT, capital goods, oil, metal, real estate and healthcare stocks have made noteworthy movement. There are bright gains for select auto, FMCG and consumer durables stocks too.

Heavyweight index Reliance Industries that rise dramatically to Rs 1908 in opening trades has eased to Rs 1898, but still remains well placed in the constructive territory with a spiky gain of 1.2 per cent.

The stocks including Infosys Technologies, ONGC, Wipro, Bharti Airtel, Larsen & Toubro, Tata Consultancy Services, HDFC Bank and Reliance Communications have attained 1 per cent - 2.5 per cent, but ICICI Bank tops the gainers’ list with a smart 3.3 per cent increase.

The other stocks that also registered inspiring gains include Tata Steel, NTPC, Ranbaxy Laboratories, Satyam Computers, ACC, Tata Motors, Reliance Energy, Grasim Industries, Bajaj Auto and Maruti Udyog.

Real estate stock Omaxe has made a dazzling debut. The stock opened at Rs 410, a premium of Rs 100 to its issue price, climbed to a high of Rs 448. At present, it is hovering around Rs 377. Around 9.1 million shares have changed hands so far at the Omaxe counter on the National Stock Exchange.