Markets are trading firm in the early deals of Monday with the Sensex gaining 268 points to 13,722 levels. The broader markets index Nifty also gained 2 per cent to 4095.
Buying is visible in capital goods, realty, IT, metal and banking counters by over 2.2 per cent each.
“I expect good rally and the Nifty should test 4370 levels. I am very positive at the current levels and the weekly closing must be higher. Huge rise in realty counters is expected, as it has been hammered a lot, “ said Deven Shah, Technical Analyst, Jaldimoney.com.
Among the BSE-30 scrips, Reliance Infrastructure gained 5.4 per cent to Rs 814 levels. Other major gainers include Jaiprakash Associates, which is up 5 per cent to Rs 161. BHEL also advanced 3.2 per cent to Rs 1548.
Other Asian markets are also trading firm on Monday. Hong Kong’s Hang Seng, Japan’s Nikkei and South Korea’s Kospi are in green turf by over 0.2 per cent each.
Realty surges
BSE realty index, advanced 167 points or 3.6per cent, is the biggest gainer among the sectoral indices. Puravankara Projects, Indiabulls Real Estate and Housing Development & Infra are the major gainers of the pack.
RSS Feed (xml)
