The 30-share index BSE Sensex bounced back into the positive terrain on account of strong buying action witnessed in power, metal, capital goods, telecom and bank stocks.

Selected oil, realty and auto stocks also posted
impressive gains. Information technology stocks slipped from their
higher levels due to lack of support.

FMCG and Pharma stocks remain relatively subdued.

A good buying interest was seen in midcap and smallcap segments.

The market breadth was strong it saw 1258 progressions as against 819 declinations.

At 12:28 hrs, the Sensex gained up 160.41 points at 9065.52, while Nifty stood at 2764.90, up 56.65 points.

The
major gainers’ in the list were ONGC, Reliance Industries, Wipro, HDFC
Bank, Bharti Airtel, Jaiprakash Associates and Hindalco, Grasim
Industries, DLF, Tata Motors, Satyam Computer Services, Reliance
Communications, Maruti Suzuki, Sterlite Industries, Reliance
Infrastructure, NTPC, BHEL, Siemens and Reliance Power.

The
other gainers included GVK Power, Lanco Infratech, GMR Infrastructure,
Torrent Power, Crompton Greaves, Power Grid Corporation, ABB, Praj
Industries, Areva, Jyoti Structure, Alstom Projects, Thermax,
Walchandnagar Industries, Punj Lloyd, Bharat Electronics, Bharat Bijli,
Everest Kanto Cylinder, SKF India and AIA Engineering.

Stock
market analyst, Vishwas Agarwal said that, “On the Nifty 2,676 is an
important level to uphold. Below this there is a weak trading market.
On Tuesday, market may be weak but in closing session market will
provide big trading opportunities due to nearing of the F&O expiry
and unwinding of short and long position will take place.”

Agarwal advised, “No major ups and down trend, just trade with a stop loss.”