MUMBAI: The market remained firm in afternoon trade backed by gains in consumer durables, realty and banking counters ahead of the fiscal
stimulus package announcement later on Friday.
At 2:40 pm, Bombay Stock Exchange's Sensex surpassed the 10,000 mark and was trading at 10,014.91, up 111.45 points or 0.13%. The index touched a high of 10,070.28 from a low of 9,863.86 in trade so far.
National Stock Exchange's Nifty climbed 0.92% or 28.05 points to 3061.50 after touching a high of 3079.85 till now.
Investors flocked for stocks in the midcap and smallcap space, driving the BSE Midcap and Smallcap indices up 2.14% and 2.12% respectively.
Planning Commission deputy chairman Montek Singh Ahluwalia and finance secretary Arun Ramanathan are expected to announce the package after trading closes in stock markets.
They said the package, overseen by Prime Minister Manmohan Singh, was likely to include measures for some labour-incentive as also export-oriented industries like textiles, housing, handicraft, leather, and gems and jewellery.
