Market zooms higher

Mumbai -- The markets have advanced further by witnessing buying across the sectors like Oil & Gas, Auto, Metal and FMCG stocks. Heavy weights like Bajaj Auto, I-Flex, ONGC, Reliance Industries, HLL and Bharti Airtel are the major gainers.

The BSE 30-share Sensex has gained 127 points at 11319 and NSE 50-share Nifty is up by 40 point at 3314. Strong monsoon has improved the outlook of FMCG stocks. McDowell has gained by 3% to Rs. 599, Godrej is up by 2.2% to Rs. 680, HLL has advanced further by 1.3% to Rs. 226 and ITC has added 1.2% to Rs. 177.

Auto stocks also zoomed high on back of impressive monthly growth. Bajaj Auto has surged by 4.2% to Rs. 1764, Tata Motors is up by 1.5% to Rs. 801, Maruti has gained by 1% to Rs. 804 and M&M has added 1.3% to Rs. 621.

Pharma stocks also witnessed heavy buying. Cadilah has spurred by 2% to Rs. 621, Cipla is up by 3% to Rs. 248, Lupin has advanced further by 2.7% to Rs. 489 and Dr Reddy’s Lab has added 0.2% to Rs. 1443.

Property stocks are trading with gains led by fresh buying. Bombay dyeing has rallied by 7% to Rs. 606, Century textile has gained by 2% to Rs. 421 and Ansal infrastructures has locked 5% upper circuit to Rs. 444.