Sensex, Nifty trade firm; banking, pharma stocks gain

The market continues to trade on a positive note, on the back of sustained buying in shares like - realty, bank, power, IT, energy and pharma.The broader market is also trading in line with the BSE benchmark index, the Midcap and Smallcap indices have gained over 0.5 percent each at 11,643 and 12,180, respectively.The breadth is positive in morning deals - out of 2,262 stocks so far traded on the BSE 1,486 stocks have advanced, while 698 stocks have declined.

The key headline indices have rallied to a fresh intra-day high at 28,412 and 8,619, respectively.

At 10:42 AM, the BSE Sensex is up 158 points at 28,394 and the NSE Nifty is up 49 points at 8,614.

The broader market is also trading in line with the BSE benchmark index, the Midcap and Smallcap indices have gained over 0.5 percent each at 11,643 and 12,180, respectively.

Sectorwise, the BSE Realty index has spurted a percent at 1,452. The Bankex has advanced almost a percent at 21,884.

The Power, Oil & Gas, FMCG, Healthcare and IT indices have gained over 0.5 percent each.

The breadth is positive in morning deals - out of 2,262 stocks so far traded on the BSE 1,486 stocks have advanced, while 698 stocks have declined.

Among Sensex stocks - HDFC has surged almost 2 percent at Rs. 1,322. Hindalco has jumped 1.4 percent at Rs. 111.

TCS, ICICI Bank and Hero MotoCorp have spurted a percent each at Rs. 2,579, Rs. 313 and Rs. 2,684, respectively.

Dr. Reddy's, Lupin, BHEL, Maruti Suzuki, ITC, Bharti Airtel and Bajaj Auto have gained almost a percent each.

On the flip-side, Tata Motors has shed almost a percent at Rs. 389, after consolidated Q1 net profit slipped 48.7 percent to Rs. 2,769 crore.

Mahindra & Mahindra, ONGC and Sun Pharma have declined over 0.5 percent each at Rs. 1,377, Rs. 280 and Rs. 846, respectively.