Sensex Up 180.81 Pts; Banking Stocks Lead Rally
The 30-share BSE Sensex continued its positive journey on the back of heavy buying activity witnessed across board.
BSE Midcap gained 0.08%, while Smallcap fell 0.29%.
At 12:00 noon, the BSE Sensex stood at 13,816.21, up 180.81 points, whereas the broad-based NSE Nifty gained 49.15 points to trade at 4,141.40.
All sectoral indices were trading positively excluding BSE Consumer Goods and Consumer Durables.
The market breadth was positive as it experienced 961 progressions as against 1,181 declinations.
The major gainers in the 30-share index included HDFC Bank, ITC and HUL that hained more than 3% each to Rs 1,072.00, Rs 182.90 and 227.50 respectively.
Cipla, RComm, SBI, ACC, Tata Steel, Infosys and NTPC were other gainers.
Laggards at the Sensex were Satyam, which declined 2.32%, DLF lost 1.32% and Bharti Airtel rejected 0.94%. The other losers on the list were Hindalco, L&T and BHEL.