The Indian stock market, which opened on a cautious but slightly positive note, gained in strength as the session progressed with several counters attacting buyers, and is currently trading firm with impressive gains.
At 29,773.40, the Sensex is up 197.66 points or 0.67% from its previous close. The Nifty50 of the National Stock Exchange is up 46.40 points or 0.51% at 9227.85.
FMCG heavyweight ITC (up 2.6%) tops the Sensex gainers list. IT major Infosys is up 1.5%, coming back fairly strongly after previous session's setback. Bharti Airtel, ICICI Bank, HDFC, State Bank of India and Wipro are up 1% - 1.3%. Asian Paints is up nearly 1%.
ONGC, Larsen & Toubro, Coal India, Lupin, Tata Consultancy Services, Hero Motocorp, Axis Bank, Power Grid Corporation and Reliance Industries are modestly higher.
BPCL, Yes Bank, Bank of Baroda, Bharti Infratel, ACC, Ambuja Cements and Tata Motors DVR are also trading higher.
Adani Ports is declining more than 4%. Tata Power is down 3.5% and Zee Entertainment Enterprises is down 2.4%. Tata Steel, Cipla, NTPC, HCL Technologies, Bajaj Auto, Maruti Suzuki and Mahindra & Mahindra are also down, albeit with less pronounced losses.
Adani Power is down nearly 16% on heavy volumes. The stock is down following the Supreme Court setting aside Appellate Tribunal for Electricity order of compensatory tariff to the company.
