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Markets extend gains. IT stocks move up

Markets have continued to extend gains in the trades today taking strong cues from the Asian peers. The Sensex has gained 118 points to 17,531. Nifty is up 37 points at 5,319.

BSE IT index has gained 1.3% to 5,415. Auto, bankex, realty and metal indices are up around 1% each.

Tata Motors has jumped 3% to Rs 236. Bajaj Auto has moved up 1.6% to Rs 1,660.

Banking shares ICICI Bank and SBI are up 1.6% each. IT and metal names – Infoys, Jindal Steel, TCS and Hindalco are among the key gainers.

However, market heavyweight – Reliance is witnessing some profit booking and is down 0.3% at Rs 783. Hero MotoCorp has slipped 1.5% to Rs 1,950.



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