Markets have seen higher trades again, taking back the Nifty to the 5450 mark. The indices are making higher highs with the stocks from metal, banking and auto sectors contibuting to the rally.
At 10:20 AM, the Nifty is at 5451, up by 76 pts or 1.4% higher.
SAIL, from the steel space, is up by over 4% in the early trade. Hindalco has extended its rally by 2%. Tata steel is up by 2.5%, while Jindal steel has marked 2% gains.
ADAG stocks have also extended yesterday’s rally. Reliance capital and RCOM have seen 2% surges, while Reliance infra, is up by 1.5%.
Power stocks are also trading in the green. NTPC, Suzlon energy, Powergrid – have all gained in today’s trade.
Capital goods & Infra stocks have seen surges. JP associates is up by 3.3%. L&T is up by 0.7%. Punj lloyd is up by 2.6%. Crompton Greaves (CROMPGREAV) is up by 2.3%.
TCS is however in the red. Infy is also trading under pressure.