Sensex up 450 points; capital goods, auto, metals gain

MUMBAI: Indian markets continued to gain momentum as investors bought stocks across the board taking cues from positive global peers. The rally was led by stocks from capital goods, auto and metals space. Marginal dip in inflation to 8.23 per cent in January from 8.43 per cent a month ago also boosted sentiments.

At 3 pm; Bombay Stock Exchange’s Sensex was at 18185.21, up 456.60 points or 2.58 per cent. The broader index touched a low of 17857.12 and high of 18189.02 in trade so far.

National Stock Exchange’s Nifty was at 5453.45, up 143.45 points or 2.70 per cent. The broader index touched a high of 5453.75 and low of 5340.25 in trade so far.

BSE Midcap Index was up 3.36 per cent and BSE Smal-lcap Index moved 3.74 per cent higher.

Amongst sectoral indices, BSE Capital Goods Index rallied 4.51 per cent, BSE Auto Index gained 3.83 per cent and BSE Metal Index moved 3.49 per cent higher. BSE Oil&gas Index was up 0.83 per cent.

Tata Motors (6.07%), L&T (5.93%), Jaiprakash Associates (5.81%), BHEL (4.51%) and Jindal Steel (4.06%) were amongst the major Nifty gainers.

Reliance Communications (-0.72%) was the only index loser.

Market breadth was positive on the BSE with 2430 gainers against 467 declines.

Meanwhile, the European markets were in the positive terrain. FTSE 100 was up 0.13 per cent, DAX moved 0.45 per cent higher and CAC 40 moved 0.23 per cent up.