Market up 250 pts; Nifty around 10,800 ahead of F&O expiry
Among sectors, all of them are in the green, with maximum gains visible among banks, consumption, IT, and metals, among others.
Container Corporation of India shares rallied 4 percent intraday after global brokerage house PhillipCapital has maintained buy call on the stock and sees a whopping 38 percent potential upside to Rs 900 levels.
The research house retained its buy call after the Indian railways offered a hefty discount in haulage of empty containers and flat wagon movement. India will aim to receive USD 100 billion in foreign direct investments in the next two years and special industrial clusters are being created for countries like Japan, South Korea, China and Russia where their companies can invest and operate, Union Minister Suresh Prabhu said.
The commerce and industry minister said his ministry has also identified sectors and countries which holds huge potential for investments in India. Buying counters are buzzing on D-Street, with Sensex gaining over 300 points, while the Nifty is well above 10,800.source- www.moneycontrol.com
The Sensex is up 313.56 points or 0.88% at 35963.50, while the Nifty is higher by 86.40 points or 0.81% at 10816.30. The market breadth is positive as 1326 shares advanced, 573 shares, while 114 shares are unchanged. Benchmark indices continued to trade higher in the morning, tracking year-end rally in global peers. The 30-share BSE Sensex gained 261.69 points at 35,911.63 and the Nifty50 climbed 70.50 points to 10,800.40.
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