The Sensex continued to trade in the positive terrain as better than expected annual rate of inflation boosted the market reaction. Intense buying was witnessed across index heavyweights.

Realty, banking, power and IT stocks have rallied sharply. BSE Midcap and Smallcap index gained 1.30% and 0.43% respectively.

The 30-share index, BSE Sensex today (Dec 18), started the day negatively at 9,710.20, down 5.09 points, after a fall of 2.62% on the previous working day.

The Sensex has bounced back into the positive terrain after a fall from higher levels on the back of strong buying action witnessed across key stocks including Reliance Industries, Tata Motors, ONGC, Ranbaxy Laboratories, NTPC, TCS, ACC and Infosys Technologies.

Some of the major gainers in the Sensex were Grasim Industries, State Bank of India, Wipro, Jaiprakash Associates, Tata Power, ICICI Bank, HDFC Bank, Hindustan Unilever and BHEL.

At 14:19 hrs, the BSE barometer gained 2.12 points at 9834.51, while the broad-based Nifty stood at 2990.50, up 9.30 points.

The market, which opened positive today, pared most of its earlier gains and come off from its day’s high due to some profit booking.

Metal, realty, consumer durables stocks saw heavy buying interest in today’s session.

BSE Midcap and Smallcap index gained 2.93% and 2.67% respectively.

At 12.59 p.m., the 30-share index Sensex stood at 9.813.00, up 122.93 points, after hitting an intraday high of 9,948.33 and an intraday low of 9,802.39.

The Sensex bounced back and was trading off from day’s low this afternoon.

Buying and selling was witnessed in some of the select stocks. IT, metal, banking, power and realty stocks led the declining charts.

BSE Midcap gained 0.43% and 1.04% respectively.

Among the sectoral indices, BSE IT index hit badly after plunging 3.84% followed by Metal, which declined 2.49%, Power and Bankex lost more than 2% each.

The 30-share index, BSE Sensex, today (Dec 12), belled the day with a loss of 274.59 points, at 9,370.87.

Indian equities slipped further into the negative zone on the back of heavy selling pressure witnessed in some of the frontliners.

Realty and metal stocks went up, whereas IT and consumer durables stocks led the declines.

BSE Midcap and Smallcap index gained mire than 1 percent each.

Among the sectoral indices, BSE Realty zoomed 2.44%, Metal gained 1.25%, while BSE IT declined 3.81%, Consumer Durables lost more than 2.75%.

The 30-share index, BSE Sensex started the day with a gain of 24.42 points, at 9,679.32.

Karvy Stock Broking Limited has maintained ‘buy’ rating on Reliance Industries Ltd (RIL) stock with an intraday target of Rs 1250.

According to Karvy, interested traders can purchase the stock between Rs 1185-1190 with a strict stop loss of Rs 1160. If the stock market remains on positive track, the stock pricing becomes more attractive, and reach above Rs 1258.