Sensex, Nifty soar; capital goods stocks up 2.44%

Some buying activity is seen in capital goods, banking, auto and realty on BSE, while healthcare sector is showing some weakness

9:41AM: The BSE Sensex is trading up 284 points at 24,978, while S&P Nifty is trading up 78 points at 7,445. BSE Mid-cap is up 1.02% at 8,757, while BSE Small-cap is up 1.18% at 9,235. Some buying activity is seen in capital goods, banking, auto and realty on BSE, while healthcare sector is showing some weakness. Maruti Suzuki, NTPC, L&T, M&M, Tata Motors and Tata Steel are among the gainers, whereas Hero MotoCorp, Dr Reddy's Lab,Cipla and HUL are losing sheen on BSE. National Democratic Alliance leader Narendra Modi will be sworn in as the Prime Minister of India along with his Cabinet today. Modi will be sworn in by President Pranab Mukherjee at a grand, open air ceremony, attended by about 3,000 guests, including foreign diplomats, in the forecourt of Rashtrapati Bhavan. The ceremony will start at 6pm and is likely to go on for an hour. List of Cabinet names have been finalised. Modi may opt for a lean Cabinet.