It's a bulls day out on Dalal Street as market is at fresh 2016 high.
The Sensex is up 462.51 points or 1.7 percent at 27589.41, and the Nifty is up 130.85 points or 1.6 percent at 8454.05.
About 1679 shares have advanced, 626 shares declined, and 120 shares are unchanged. Tata Motors, ICICI Bank, Adani Ports, Maruti and NTPC are top gainers.
Auto, banks and metal stocks are lending support to the indices. Crude oil futures fell 0.85 percent to Rs 3,033 per barrel today, in line with a weak trend in Asian trade, as speculators indulged in trimming positions.
Analysts said fall in crude oil futures is mostly in tune with a weak trend in Asian trade as an increase in US drilling activity and a strong dollar reversed gains from last week's better-than-forecast US jobs report.
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Trading for the week kick started on a cheerful note mirroring to strong cues from the global peers. In fact, the index managed to extend this lead as we witnessed a gradual march to end the session with smart gains of 1.74% over its previous close. Optimum market updates are offered in this post which helps a traders in learning good market movements. Join epic research
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