Equity benchmarks extended gains in the afternoon trade - the Sensex added around 450 points and the Nifty was just shy of 5650 level at 14:48 hours. About 45 stocks out of Nifty 50 were in green - Infosys, TCS, NTPC, L&T, Reliance Industries, ICICI Bank, HDFC Bank, Wipro, ONGC, SBI, L&T, ITC and HDFC were the frontrunners, with gaining 1-5%.
The 50-share NSE Nifty added 125 points to 5,648 and the 30-share BSE Sensex surged 447 points to 18,798, outperforming the broader indices.
The BSE Midcap & Smallcap indices rose 1% each. Even the Nifty March futures were trading at 30 points premium ahead of expiry next week.
The BSE IT Index was heading the markets from front, with shooting up 4% followed by Realty, Bank, Capital Goods, FMCG, Power, Oil & Gas and Auto, which were up 1-2.5%.
The BSE Midcap & Smallcap indices rose 1% each. Even the Nifty March futures were trading at 30 points premium ahead of expiry next week.
The BSE IT Index was heading the markets from front, with shooting up 4% followed by Realty, Bank, Capital Goods, FMCG, Power, Oil & Gas and Auto, which were up 1-2.5%.
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