Benchmark indices as well as broader markets were higher by half a percent in noon trade following rally in Asian peers after the Bank of Japan announced monetary policy. After BOJ, the outcome of Federal Reserve meeting, due later today, will be closely watched.
The 30-share BSE Sensex was up 144.93 points at 28668.13 and the 50-share NSE Nifty gained 45.50 points at 8821.40. The market breadth remained positive as about 1561 shares advanced against 801 declining shares on the BSE.
Hindalco Industries topped the buying list on Nifty, up nearly 3 percent on a media report that the company is planning to reduce debt by selling non-core assets.
Bajaj Auto advanced 2 percent after Rajiv Bajaj, MD of the company, in an interview to CNBC-TV18, said four significant launches lined up in October & November. “We will launch a new brand in nov to challenge Royal Enfield in middle weight motorcycle market.”
Bharti Infratel, Eicher Motors, Yes Bank, Tata Motors, Tata Steel, Hero Motocorp and NTPC were other gainers.
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