Indian equity markets continued to trade higher on the back of positive global cues. European markets too opened strong; France's CAC and Germany's DAX were trading 1.5% higher. The 30-share BSE Sensexmoved up 450 points to 16,298 and the 50-share NSENifty shot up 133 points to 4,880.
TCS and Jindal Steel have topped the gainers list; both stocks rallied 6% each.
Reliance Industries, Infosys, HDFC Bank, SBI, Bharti Airtel, ICICI Bank, Wipro, L&T, HDFC, Cairn, M&M, Tata Steel and Bajaj Auto surged 2-4%. NTPC and ITC gained 1-1.5%.
Kotak Mahindra Bank jumped 5.5%. However, ONGC turned negative; the stock fell 1%.
Maruti Suzuki declined further; it lost 2% due to problems emerged at Manesar Plant. Ranbaxy Labs, Sesa Goa and Ambuja Cements were other losers.
About four shares advanced for every share falling.
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