Broader markets too started in the green with the midcap index up 0.8% and the smallcap index advanced 0.6%, both marginally underperforming the BSE benchmark index which gained over 1%.
Most Asian share indices were trading higher with the exception of Shanghai Composite which was down 0.4%. Japan's Nikkei led the gainers in the region up 1.3% on the back of a weaker yen. Further, the Hang Seng and Straits Times were marginally up 0.1% each.
The Dow Jones and S&P 500 ended at fresh highs on Friday after the US Fed hinted that it would continue with its monetary stimulus measures. The Dow Jones ended above 16,000 while the S&P 500 ended above 1,800 for the first time.
The Dow Jones Industrial average ended up 0.3%, to end at 16,065. The Standard & Poor's 500 Index gained 0.5% at 1,805. The tech laden Nasdaq Composite Index ended up 0.6% at 3,992.
Back home, all the sectoral indices started in the green with gains of atleast 0.3%.
The banking index was the top sectoral gainer with gains of over 2% followed by Realty, PSU, Oil &Gas, FMCG, Capital Goods, Auto, Consumer Durables and Metal indices, all up 1% each.
Power, Health Care, Teck and IT indices added between 0.3-0.7%.
NTPC down 0.3% was the only stock in the red among the Sensex-30.
HDFC Bank and ICICI Bank up 2.5% each were the top gainers.
Tata Motors, HDFC, Hindalco, L&T, Sesa Sterlite, ITC, Hero MotoCorp, ONGC, Bajaj Auto, SBI, RIL, Gail India, BHEL and Tata Steel up 1-1.8% were the other prominent gainers.
The market breadth was very positive. 730 stocks advanced while 168 stocks declined on the BSE.
Courtesy: The Business Standard