Indian stock markets continued to trade positively on account of heavy buying action witnessed in realty, metal and oil & gas stocks.

Moreover, capital goods, power, telecom and information technology stocks have also posted sharp gains.

Banking, auto stocks have recovered sharply after remaining subdued for a short time. Pharma and consumer durables stocks have also went up.

BSE Midcap and Smallcap index gained 1.12% and 0.80% respectively.

The 30-share index, BSE Sensex today, (Dec 10, 2008), opened with a gain of 153.78 points at 9,316.40.

At 02.19 p.m., Sensex, which has eased to 9507.01, gained 315.92 points at 9,478.54. It also touched a high of 9,565.39 and a low of 9,280.16.

Meanwhile the broad based Nifty gained 96.15 points at 2,880.15. It also hit a high of 2,908.35 and a low of 2,785.70.

Overall market breadth was very strong as it witnessed 1,400 advancements as against 896 declinations.

Biggest gainers in the 30-share index were DLF (11.07%), Grasim Industries (10.51%), Tata Steel (7.32%), Sterlite Industries (India) (7.30%), ACC (6.88%), and Tata Power Company (6.30%).

On the other hand, Ranbaxy Laboratories (1.46%), and State Bank Of India(1.08%) were the major losers in the Sensex.