Markets extend gains

Markets continue to trade higher on account of the positive cues from the Asian markets and the Rupee gaining marginally in today’s trades.
The 30-share Sensex was up 156 points at 16,186 and the 50-share Nifty was up 47 points at 4,905.
The rupee gained as global risk assets stabilized globally after a recent selloff. The rupee was at 54.33 to the dollar versus yesterday's close of 54.51, which was just off the record low of 54.52 to the dollar hit on the same day.
On the global front, Asian shares steadied after the previous day's sell-off. Shanghai Composite, Hang Seng,KLSE Composite and Taiwan Weighted gained 1% each.
Back home, BSE FMCG index extended gains and was up over 2% followed by Realty and Bankex which added over 1.5% each. Metal, PSU, Power and Oil & Gas indices gained 1% each.
ITC, DLF, Jindal Steel, HDFC, HDFC Bank and Maruti Suzuki up 2-3% were the top gainers among the Sensex-30 stocks. Index heavyweight, Reliance Industries added 1%.
On the losing side, Bajaj Auto, L&T and TCS were down 0.5-1%.
Among other stocks, Dish TV India rallied 9% to Rs 60 on reporting a healthy 60% year-on-year growth in standalone operating profit at Rs 144 crore for the fourth quarter ended March.
Overall breadth was extremely positive as 1,475 stocks advanced while 734 stocks declined on the BSE.