The market extended rally in morning with the Sensex climbing 400 points and the Nifty eyeing 7850 level. All sectoral indices continued to be positive, tracking good monsoon forecast, better-than-expected CPI & IIP data and positive global cues.
The 30-share BSE Sensex rallied 398.43 points or 1.58 percent to 25544.02. The 50-share NSE Nifty rose 121.45 points or 1.58 percent to 7830.40 that recovered 1000 points from February low of 6825.
The broader markets also participated in rally with the BSE Midcap and Smallcap indices rising more than 1 percent.
ICICI Bank and Mahindra & Mahindra were top contributors to Sensex's rally, up 4-5 percent followed by HDFC, ITC, HDFC Bank, Tata Motors, L&T, SBI, Wipro, Bharti and Maruti Suzuki with 1-3.6 percent.
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The 30-share BSE Sensex rallied 398.43 points or 1.58 percent to 25544.02. The 50-share NSE Nifty rose 121.45 points or 1.58 percent to 7830.40 that recovered 1000 points from February low of 6825.
The broader markets also participated in rally with the BSE Midcap and Smallcap indices rising more than 1 percent.
ICICI Bank and Mahindra & Mahindra were top contributors to Sensex's rally, up 4-5 percent followed by HDFC, ITC, HDFC Bank, Tata Motors, L&T, SBI, Wipro, Bharti and Maruti Suzuki with 1-3.6 percent.
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Epic Research recommends the Sensex is up 301.24 points or 1.2 percent at 25446.83, and the Nifty up 82.80 points or 1 percent at 7791.75.
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