Morning Bell!!!!....NSE Nifty crossing 5,000 for the first time in October.

The key Indian equity indices have advanced in early morning trade, extending the previous session's strong rally, with the NSE Nifty crossing 5,000 for the first time in October. The BSE Sensex surpassed 16,700 mark.


With this, the Indian markets are now up for a third straight day, and the Nifty is very close to rising above its 50-day moving average (DMA) of 5043.
Both, the Sensex and the Nifty are up nearly 1% each. All the sectoral indices on the BSE are trading in the positive zone. Metals, Banking, Realty, Capital Goods and Consumer
Durables have gained 1-1.5%. Power and Auto indices are up 1% apiece.


DLF, ICICI Bank, HDFC Bank,Tata Power, Bajaj Auto, Reliance Infra, Hindalco Inds,Bharti Airtel,Sterlite Inds,SBI, Tata Steel,L&T were among the notable leaders in the Sensex and the Nifty.


Infosys, ACC, ONGC, BPCL were among the notable losers in the Sensex and the Nifty.


Market breadth is favorable with the Small-Cap and Mid-Cap indices also joining the party for the second successive session. The India VIX is down over 5% at 28.39 as against the previous close of 30.03.


Stock In NEWS
- Unitech to move CLB against JV partner Telenor citing gross mismanagement by the company
- RIL to ink deal with UTV Software to acquire content for its telecom operations
- USA based ADM may buy four plants of KS Oils
- Coal India union claims, company to incur Rs 138 crore loss & production loss of 13 lakh tonnes due to strike
- UB Holdings to raise its borrowing limit to Rs 3500 crore
- SBI slashes rights issue size to Rs 5000 crore, issue likely by December
- CAG has raised fresh concerns about costs claimed by RIL for its D6 block
- UTV to buy 30% more stake in India Games for Rs 94.56 crore


Indices

SENSEX 16748.63 191.40 (1.16%)

NIFTY 5035.80 56.20 (1.13%)

CNX Midcap 7070.95 84.05 (1.2%)