Investors are choosing India over other Asian peers this morning. Broadbased buying took the 30-share BSE Sensex was trading at 16,196, up 345 points and the 50-share NSE Nifty jumped 101 points to 4,849.
Technology stocks were completely on buyers' radar; respective index shot up over 3%.
The BSE Bank, Metal, Realty, Oil & Gas, Capital Goods and Auto indices surged 2-2.7%. The broader indices too were following the same trend; the BSE Midcap and Smallcap indices were up 1.5% each.
Among largecaps, Jindal Steel was the biggest gainer; the stock jumped 6%. Reliance Infrastructure, IDFC, TCS, Kotak Mahindra Bank, Infosys, Reliance Industries and Wipro rallied 3-4.5%.
However, Sesa Goa was the only loser on Nifty as company halted its mining operations at Chitradurga Mine. The stock fell 1.86%.
Market breadth was positive; about four shares advanced for every share declining
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