Mumbai -- Market is still doing well in afternoon trades with benchmark Sensex gaining over 200 points and are trading above the 11900 mark. Index heavy weights like Reliance Industries, SBI, HLL and ICICI Bank has helped the market to advance further. In the afternoon trading session, the BSE 30-share Sensex has surged by 250 points at 11910 and NSE 50-share Nifty has gained by 72 points to 3462.
Banking stocks continue to trade well. SBI has rallied by 3.1% to Rs. 961, ICICI Bank has advanced by 2.4% to Rs. 619, HDFC Bank is up by 2% to Rs. 858 and PNB has added 1.5% to Rs. 484.
Similarly, IDBI has gained by 8.3% to Rs. 67 after the Board of directors of the company announced their plans of meeting on September 21 to consider United Western Bank takeover. The scrip has touched a high of Rs. 71 and a low of Rs. 65 and has recorded volumes of over 51,00,000 shares on NSE.
Buying is also witnessed in the FMCG stocks. Britannia has spurred by 5% Rs. 1095, HLL has added 2.8% to Rs. 235, Tata Tea has surged by 1.4% to Rs. 765 and Colgate is advanced by 1.3% to Rs. 374.
Cements stocks have also followed the path of gainers and gained momentum. Grasim has surged higher by 0.6% to Rs. 2322, ACC has added 1.2% to Rs. 941 and Madras Cement has rallied by 1.6% to Rs. 3049.
Technology stocks are also trading with smart gains. Satyam Computer has surged by 2.8% to Rs. 806, Infosys is up by 2.2% to Rs. 1812, Wipro has spurred by 2% to Rs. 513 and Polaris has added 1.5% to Rs. 118.
