Sensex, Nifty extend rally; Midcap, Smallcap outperform

The market extended gains led by banking & financials, FMCG, telecom, capital goods and technology stocks. The Sensex climbed 246.48 points or 0.90 percent to 27705.12 and the Nifty jumped 67.70 points or 0.81 percent to 8409.10.



The broader markets outperformed benchmarks with the BSE Midcap and Smallcap indices rising 1.4 percent and 2.2 percent, respectively. More than 4 shares advanced for every share declining on the Bombay Stock Exchange.



Shares of HDFC, ITC, L&T, SBI, Axis Bank, M&M, HUL, Cipla, Wipro, NTPC, Tata Steel, Sesa Sterlite and BHEL were prominent gainers in trade, up 1-2 percent. ICICI Bank, HDFC Bank, Infosys and Sun Pharma advanced over half a percent.



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Posted in: Indian Market Tips