Mumbai: Fresh buying by funds and retail investors in auto, real estate and banking stocks helped markets firm up its gains in late afternoon trade. The Sensex rebounded over 150 points aided by auto stocks that flared up post Maruti Suzuki quarterly number. The stock was up 3.81 per cent. Tata Motors, Mahindra and Mahindra, Bajaj Auto and Hindalco were the other gainers on the Sensex.
At 2.39 pm, the Sensex was up 153.59 points or 0.77 per cent at 20077.37, and the Nifty gained 48.60 points or 0.81 per cent at 6067.95.
Banks are rallying on hopes that the Reserve Bank of India, in its monetary policy meet on January 29, will cut rates for the first time in nine months. Bank of Baroda was the top gainer on Nifty with 5 per cent gains. Other gainers include SBI (up 1.52 percent), Kotak Mahindra (1.85 per cent), HDFC Bank and ICICI Bank (both up close to 1 per cent)
DLF vaulted back as real-estate favourite with 3.32 per cent gains. Other realty gainers were Oberoi Realty, Pantaloon, Prestige Estate and Godrej Properties. HDIL, which lost 20 per cent in Thursday's trade, rebounded with 12 per cent gains.
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