Sensex, Midcap hold morning rally; ITC extends gains, NTPC down

Equity benchmarks extended rally in afternoon trade. The Sensex was up 454.01 points or 1.73 percent at 26690.88 and the Nifty gained 138.70 points or 1.71 percent at 8240.75.

About 1787 shares advanced against 697 declining shares on the BSE.

Cigarette major ITC extended rally to 2.7 percent in afternoon trade followed by HDFC Bank, Infosys, Reliance Industries, HDFC, TCS and L&T.

Tata Motors surged nearly 4 percent after solid growth in JLR November sales in China & North America while Tata Steel topped the buying list, up 4.4 percent after its UK subsidiary has reached agreement with trade unions w.r.t closure of pension scheme.

However, NTPC and Dr Reddy's Labs were only losers among Sensex 30 stocks.
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