Markets Continue to Rally; Sensex up 132 Points

Benchmark indices continued to rally in trade with the Sensex fast approaching the 27,000 points mark on solid global cues.

The Sensex was last trading points higher 130 points at 26,918 points, while the Nifty was higher by 31 points in trade. Leading the set of gainers in trade were banking stocks which continued to attract buying support.

Check the top Sensex gainers and losers

Shares in Sun Pharma were up after the company's Unit Ranbaxy settled a patent dispute with Actavis. HDFC also continued to see buying interest after the institution cuts its lending rates by 0.25 per cent. Bank of

Baroda was trading lower after reports that it was investigating a bill discounting fraud. The stock was down 1.5 per cent in early trade.

Bajaj Auto, Bharti Airtel, Bhel and Zee TV were the select stocks that were trading weak. Midcap stocks were trading higher with the midcap index up 0.50 per cent. Stocks like Emami and SUN TV were seeing some losses in early trade.

HCL Tech which had seen heavy selling pressure following reports that it the company could show tepid revenue growth, saw some buying interest. The stock was up almost one per cent.

Meanwhile, most of the Asian markets were trading with gains led by the Strait Times and Taiwan Weighted.

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