Sensex, Nifty trade sharply higher; ICICI Bank up 5.40% @ 10:54 hrs

Sensex, Nifty trade sharply higher; ICICI Bank up 5.40% @ 10:54 hrsAfter a positive opening, the Sensex continued its positive run on account of heavy buying action seen across several large, medium and small cap stocks.

IT, metal, oil & gas and banking stocks led the rally.

Reflecting heavy buying at several side counters, the BSE Midcap and Smallcap indices have gained 1.73% and 1.29% respectively.

The 30-share index, BSE Sensex, today (Jan 14), opened at 9,207.52 after making a gain of 136.16 points.

At 10:54 a.m., the 30-share index Sensex gained 264.53 points (2.92%) at 9,335.89, after hitting a high of 9,335.89 and a low of 9,207.52.

Meanwhile the broad based Nifty stood at 2,817.10, up 72.15 points, after touching a high of 2,819.45 and a low of 2,748.40.

The overall breadth was sharply positive. Out of the total 1,783 stocks traded at BSE, 1,112 posted gaines, 595 went down while 76 remained unchanged.

Major gainers in the 30-share index were ICICI Bank (5.40%), Reliance Industries (5.19%), Reliance Energy (5.09%), Reliance Capital (4.99%), Infosys Technologies, Jaiprakash Associates (4.93%), and Tata Consultancy Services (4.70%), RCom, Hindalco, Mahindra & Mahindra, HDFC, Bharti Airtel, HDFC Bank, ONGC and Wipro.

On the other hand, Sun Pharmaceutical Industries (0.67%), and Maruti Suzuki India (0.27%) were the major losers in the Sensex.

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