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Stocks extend gains. Nifty at 5500

Markets have seen extension of the rally, taking Nifty to the 5500 mark. Real estate and Banking stocks have seen further gains.

At 9:56 AM, the Nfity stands at 5496, up by 21 pts or +0.4%.

Real estate counters have further gained. DLF has added 2.2% gains to trade at 223. Unitech is up by 1.9%.

Punj LLoyd, has seen a rise of 4% to trade at 58. LT is also up by 0.5%
Sterlite industries, from the metal space is up by 1.7%. GujNRECoke – from the ore space, has seen a gain of 1.9%. Sesagoa is up by 1%.

Banking stocks are also on the rise. SBI is up by 0.3%. ICICI Bank is up by 0.9% at 1077.

Infosys is still trading in the red. The stock has lost 0.2% to trade at 2784. Bharti has lost 0.7%. Reliance Infra is down by 1.2%.
BPCL, Tata steel and Hindalco are also trading in the red with moderate cuts.



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