Markets have extended yesterday’s gains and have started firm after International Monetary Fund (IMF) raised India's growth forecast a tad. Resilience of its economy and robust growth momentum was the reason cited behind it.
The benchmark S&P Sensex was at 28,284 levels down 50 points and Nifty50 index dipped 21 points to trade at 8,748 levels around 10:25 am in the morning, whereas BSE Midcap and Smallcap indices are up 0.1%-0.5% in the broader markets.
SBI, Tata Steel, Maruti Suzuki, HUL and Tata Motors are among the top gainers from the Sensex pack; all surging over 1%. But on the weakest part, ONGC, Bajaj Auto, Hero MotoCorp, Infosys and HDFC lowered down by 0.5%-1%.
NBCC hit a new high of Rs 299, up by 8% on the BSE. The stock had rallied 7% on Tuesday.