At 3.25 pm, Indian Stock market is about to close near its highest point of the day. Continued buying in major Index stocks has led Indian markets cross 12000 mark in a decisive move on Monday. At present the markets are at 12105 and NSE Nifty at 3640, gaining nearly 166 points.

Among major gainers were Banking Stocks, Capital Goods, Metals, Auto and IT.

Top Gainers on NSE were HCL Tech, Sterlite Industries, Hindalco, HDFC and ICICI Bank. HCL Tech was trading at 154, up by nearly 18.5 per cent. Metal heavyweights Sterlite and Hindalco were up by more than 15%. Hind Zinc was also trading strong. Banking majors ICICI Bank, HDFC Bank, SBI and Axis bank were among major gainers in today's session. Among auto stocks, M&M was up by nearly 13%.

Many Technical experts had given 3600 as a major resistance for NSE Nifty. As Nifty has strongly crossed the resistance on back on strong global cues, we should be looking at another 100 - 150 points in Nifty in coming sessions.

If US markets remain strong on Monday, investors can expect Indian markets to gain further ground. A strong closing is a sign of continued buying at higher levels.