Markets have extended gains and are trading near day's high supported by strong buying among index heavyweights like ITC and HDFC.
The S&P BSE Sensex was higher 337 points at 25,565 and the Nifty50 was trading 99 points higher at 7,832. Among broader markets, BSE Midcap and Smallcap indices are up 0.5%-0.6%.
Diagnostic chain operator Thyrocare Technologies lists at Rs 662 on the BSE, a 48.4% premium over issue price of Rs 446. The company had priced the initial public offer (IPO) at the top end of the Rs 420 to Rs 446 per share price band.
NTPC has gained almost 3% after the company announced that it has raised Rs 1000 crore through private placement of secured non-convertible debentures.
Asian Paints are trading higher over 2.5% ahead of the Q4 earnings to be announced on Wednesday. Hindustan Unilever (HUL) will announce its Q4 results on today. The stock is up 0.5%.
Back home, foreign portfolio investors (FPIs) bought shares worth a net Rs 27.71 crore on Friday, 6 May 2016, as per provisional data released by the stock exchanges.
Among key stocks, ITC on Sunday said it is progressively resuming production of cigarettes with 85% pictorial warning. The stock has surged over 2%.
Shares of HDFC continue to maintain the winnings streak post the announcement of Q4 numbers. The stock has gained 2%.
MSCI's broadest index of Asia-Pacific shares outside Japan dipped 0.15%. Australian stocks and South Korea's Kospi shed 0.2% each. Japan's Nikkei bucked the trend and rose 1% as the yen's recent surge appeared to halt for now.
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