The market started off March series on a strong note with the Nifty reclaiming 7050 level, led by short covering in beaten down stocks in previous three consecutive sessions.
The 30-share BSE Sensex rose 235.66 points or 1.03 percent to 23211.66 and the 50-share NSE Nifty climbed 78.55 points or 1.13 percent to 7049.15.
Hindalco Industries, Adani Ports, Larsen & Toubro, SBI, Tata Motors, Vedanta, Cairn India, Power Grid Corp and Bank of Baroda gained 2-3 percent while ICICI Bank declined.
The 30-share index was trading at 23,171, up 198 points or 0.72 per cent. It touched a high of 23,227.91 and a low of 23,132.35 in morning trade.
The Nifty50 pared some of the morning gains but was still trading at 7,029 up 59 points or 0.85 per cent. It touched a high of 7,052.90 and a low of 7,023.35 in the first 30 minutes of trade.
Hindalco Industries, Adani Ports, Larsen & Toubro, SBI, Tata Motors, Vedanta, Cairn India, Power Grid Corp and Bank of Baroda gained 2-3 percent while ICICI Bank declined.
The 30-share index was trading at 23,171, up 198 points or 0.72 per cent. It touched a high of 23,227.91 and a low of 23,132.35 in morning trade.
The Nifty50 pared some of the morning gains but was still trading at 7,029 up 59 points or 0.85 per cent. It touched a high of 7,052.90 and a low of 7,023.35 in the first 30 minutes of trade.
The S&P BSE Midcap Index was up 0.90 per cent and BSE S&P Smallcap Index was trading 0.66 per cent higher.
Adani Ports (up 2 per cent), L&T (up 1.9 per cent), SBI (up 1.7 per cent), Axis Bank (up 1.4 per cent), and M&M (up 1.4 per cent), were the major Sensex gainers.
ICICI Bank (down 0.4 per cent), and Bharti Airtel (down 0.34 per cent) were the major Sensex gainers.
Adani Ports (up 2 per cent), L&T (up 1.9 per cent), SBI (up 1.7 per cent), Axis Bank (up 1.4 per cent), and M&M (up 1.4 per cent), were the major Sensex gainers.
ICICI Bank (down 0.4 per cent), and Bharti Airtel (down 0.34 per cent) were the major Sensex gainers.
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