The market is gushing
with some strong gains led by banks, IT, metals and cappital goods. The Sensex
is up 392.51 points or 1.5 percent at 26623.70 and the Nifty is up 122.65
points or 1.5 percent at 8071.60.
About 1651 shares have
advanced, 540 shares declined, and 62 shares are unchanged. Vedanta, ONGC,
NTPC, Hindalco and Bajaj Auto are top gainers while Lupin, M&M and ITC are
laggards in the Sensex.
Crude oil futures rose
2.37 percent to Rs 2,855 per barrel today as speculators widened positions amid
a firm trend in Asia.
Analysts attributed the rise in crude oil
futures to a firming trend in Asian trade today where it extended gains
following a 10 percent price surge in the previous session fuelled by strong US
economic data.
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