Among the Sectoral indices of BSE, Realty (3.42), Power (2.43), Consumer Goods (2.12), Bankex (2.12), Metal (2.02) and PSU (1.87), all posted fair gains.
The only sector ended on negative note was FMCG, which ended negatively by 0.13%.
On the NSE, the most traded stock was Unitech with 443 lakh shares. The stock gained by 7.92%. The next stock which traded with high volumes was JP Associates with 355 lakh shares.
The major gainers on NSE were JP Associates with 7.24% followed by Ambuja Cement with 6.32% and then by ACC by 5.09%.
On the global front, France's CAC, Germany's DAX and Britain's FTSE climbed 2-3%.
Stock market up on global cues. Sensex at 17,114.82
On positive global cues the equity market saw buying across sectors. Asia along with its European peers were trading high. Heavyweight like L&T, HDFC Bank, Reliance, ICICI Bank and NTPC gained maximum.
The NSE was up by 76.95 points to 5,141.25 reflecting increase of 1.52 % meanwhile the Sensex was up by 252 points to 17,114.82 level showing gains of 1.49%.
The most active shares on BSE were Everonn Education, Educomp, SBI, Tata Coffee, Reliance and Rushil Decor.
Among the sectoral indices on BSE, the sector that saw least gain was FMCG at 0.27% and the sector that reported hgihest gain was Realty 3.51%. Meanwhile, Bankex, Metal, Power and Capital Good were by between 2.08-2.26%.
Stock market continue their up trend. Nifty at 5,135
The stock market benchmarks gained new heights on support from financial, power, capital goods and realty. meanwhile profit booking was seen in FMCG which went up the least 0.02%. The 30-share BSE Sensex was trading at 17,078.23, up 215 points and the 50-share NSE Nifty rose 70.60 points to 5,134.90.
Among largecaps, infrastructure stocks like Jaiprakash Associates and ACC shot up 5-6%. Coal India, Ambuja Cements, Tata Power, Hindalco, SBI and HCL Tech also increased by 2-3.5%.
But at the same time Infosys, ITC, Sun Pharma, Tata Motors, Maruti Suzuki and Hero Motocorp declined 0.6-1%.
Everonn Education, SBI, Tata Coffee, Educomp Solutions, Reliance Industries, Infosys and ICICI Bank were most active shares on exchanges.
Among the midcap Stocks, Sterlite Tech, IVRCL, Educomp Solutions, SKS Microfinance and KEC International rallied 5-7%.
However, KGN Industries, Anant Raj Industries, TTK Prestige, Petronet LNG and Jain Irrigation fell 1.5-5%.
Asian markets gained further; Shanghai, Hang Seng, Nikkei, Straits Times and Taiwan moved up 1.5-2%. Kospi surged 3.5%.
Markets open on a positive note. Sensex at 16,972
Continuing the enthusiasm of the previous trading session, the Indian bourse openend in the positive territory. Positive Asian cues, and sharp recovery in the US markets is helping the rally.
The 50-stock benchmark, S&P CNX NIFTY, representing the National Stock Exchange was up by 26.85 points or 0.55% to 5,092.40. Meanwhile, the Bombay Stock Exchange (BSE) benchmark index, Sensex climbed up by 109.31 points to 16,972.12 representing an increase of 0.65%.
Banking, oil & gas, power and select technology stocks were supporting the market.
On the sectoral front only BSE IT and BSE Auto were tradign in the negative zone. Meanwhile, the biggest gainer was Realty with 1.67%.
Among the stocks comprising of Sensex, the biggest gainer was Jaiprakash with gains of 5.36% in the first hour of trading. Meanwhile the biggest loser was Tata Motors which fell by 1.09%. Of the 30 stocks that make up the Sensex, 9 stocks fell whereas 21 stocks went up.