Sensex ended at 19121.01, up 177.87 points (0.94%). Meanwhile Nifty closed at 5736.40, up 49.15 points (0.86%). BSE Midcap Index was down 0.02 per cent and BSE Smallcap Index moved 0.44 per cent lower.
On the news front for stocks -
Credit rating agency Brickwork Ratings India has assigned 'BWR AAA' rating to Dewan Housing Finance Corporation.
Uflex has decided to set up a polyester films plant with an investment of $ 80-85 million in the USA through 100 per cent subsidiary of the company.
Sterlite Technologies clarified to the exchange that the company, has not restricted any information that would lead to a sudden hike in price and volumes of its shares.
McNally Bharat Engineering has received Rs 115.56 crores order from Neyveli Lignite Corporation. The schedule time for completion of the order is 30 months.
Usha Martin has informed that fire broke-out in its continuous casting machine control room at its steel plant at Jamshedpur. The reasons for fire and extent of damage are being assessed.
Both the major index Sensex & Nifty were up over 1%, at 2.34 p.m. Among all the indices, BSE Realty had gained maximum by 1.61%. The index which gained the least was BSE Small cap. On the NSE it was CNX Infrastructure with the highest gain which was 1.86% and CNX FMCG had the lowest gain, of 0.49%.
In the meantime, the major stock news after our last update are as follows.
Reliance Infrastructure has announced to buy-back its fully paid-up equity shares of the face value Rs 10 each from the open market at Rs 725 per share for an aggregate amount not exceeding Rs 1000 crore which represents approximately 8.34% of the company's paid up equity share capital.
Simbhaoli Sugars has hived off its potable alcohol and power businesses.
Kajaria Ceramics has completed capacity expansion of six million square meter per annum polished / glazed vitrified tiles at the existing location at Gailpur, Rajasthan.
Sinvest AS, a step down subsidiary of Aban Offshore, has entered into an agreement with Petrolia ASA, Norway to sell its entire holding of 50 per cent shares in Venture Drilling AS for $34 million.
Shares of Aban Offshore were at Rs 625.35,
Sanwaria Agro Oils has approved issuing bonus shares in the ratio of one share for every one share held by the shareholders. The company has fixed April 8, as the record date for the bonus issue.
IL&FS Investment Managers board will meet on April 21 to consider the audited financial results and dividend for the year 2010-2011.
Usher Agro has commenced production at its expanded rice milling facilities at Chhata, U.P. After completion of the expansion, the total operational and installed rice milling capacity of the company has increased to 5,43,600 MTPA.
GlaxoSmithkline Consumer Healthcare has approved and declared a dividend of Rs 50 per equity share of Rs 10 each for the year ended December 31, 2010.
The indices have kept moving up, although the move looks more like side-ways. Sensex has gained 163 points (0.87%) meanwhile Nifty went up by 42.25 points (0.74%) at 12.26 p.m. Meanwhile the note worthy filings and stories are.
Tantia Constructions has received projects worth Rs 26 crores and Rs 10 crores from Municipal Corporation of Gwalior and PWD, Highway, Mizoram respectively.
CSS Technergy has enrolled more than 2.5 lakh residents under the UID-Aadhaar program across four states.
Dewan Housing Finance Corporation has acquired 100 per cent equity stake in Deutsche Postbank Home Finance.
REC Transmission Projects (RECTPCL), a 100% subsidiary of Rural Electrification Corporation, has been appointed Bid Process Coordinator (BPC) for three transmission projects. For this RECTPCL is in the process to set-up three Special Purpose Vehicles (SPVs). as wholly owned subsidiary companies for each of the transmission project.
Reports suggest that Bharti Airtel, Vodafone Essar and Idea Cellular are likely to sign share third-generation radio bandwidth.
Both benchmarks -- Sensex and Nifty -- moved higher up for sixth straight session, as foreign institutional investors were buying in the market. This was not surprising since respected money manager like Mark Mobius state that small-cap space have opportunity.
Technology, auto and power stocks led the upmove while realty space was a little subdued. Trade may turn choppy as the session progresses due to lack of cues from Asian peers.
At 10.30, Sensex is up 131.91 points and Nifty is 32.15 points on the high.
Among the Top gainers till now were Reliance Communication, Sesa Goa, Hero Honda and Bharti Airtel.
Meanwhile top losers were lead by realty major, DLF followed by Jaiprakash, IDFC and Ranbaxy Labs.
The companies with very high volumes were PBA Infra, KSK Energy Vent, Sabero Organics, Ramco System and eClerx Services.