Markets marching ahead

The markets opened with decent gap up on account of broad based buying witnessed in the opening trade. Cues from the global markets were also favourable giving decent breadth.At 11.30 am, Sensex is up 113.67 points at 15845.87 and Nifty is up 22.40 points at 4641.75.

State-run engineering major Bharat Heavy Electricals (Bhel) galloped 4.11% to hit an -time high of Rs 1,838 after it secured a Rs 1,829-crore order for manufacturing and setting up a three 500-MW thermal power units in Haryana, on 23 July 2007. The project is a joint venture between National Thermal Power Corporation, Harayana State Electricity Board and Indraprastha Power Generation Company. It was the top gainer from the Sensex pack.

Engineering & construction major L&T also gained 1.87% to Rs 2,663.25, after striking an all-time high of Rs 2,680.IT major TCS was the top loser. It shed 1.23% to Rs 1176.

Index heavyweight Reliance Industries (RIL) advanced 0.42% to Rs 1,919. The stock hit an all-time high of Rs 1,925.85, in early trade today. As per reports, RIL plans to build a fertiliser plant that will use natural gas to be produced from its fields off India's east coast. The company has submitted a proposal to the fertiliser ministry to set up a plant with a capacity of up to four million tones.