Sensex, Nifty, Midcap jump over 1%; Tata Motors zooms, DRL down

Equity benchmarks as well as broader markets climbed over a percent in morning trade, driven by positive global cues. Even the withdrawal of incremental CRR hike boosted the sentiment further. 

The 30-share BSE Sensex was up 361.48 points or 1.38 percent at 26598.35 and the 50-share NSE Nifty gained 113.40 points or 1.40 percent at 8215.45.

The market breadth was strong as about five shares advanced for every share falling on the Bombay Stock Exchange.
Tata Motors was the biggest gainer, up 3.7 percent as analysts feel the valuations are attractive after fall in November.

ITC, HDFC, Reliance Industries, HDFC Bank, Infosys, L&T and Maruti Suzuki were other leading contributors to Sensex's gains, up 1-2.5 percent whereas Dr Reddy's Labs was the only loser.

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