Markets continued to trade firm in late noon trades led by rate sensitive shares on hopes of a rate cut by the central bank and index heavyweight Reliance Industries.

At 2:15PM, the 30-share Sensex is up 333 points at 28,772 and the 50-share Nifty has gained 109 points to trade at 8,604.

Scaling a new peak, the total investor wealth in Indian stock market today hit a record high of Rs 100 trillion, marking a jump of ten times in little over a decade.

Measured in terms of total market capitalisation of all listed companies on the country’s biggest bourse BSE, the overall investor wealth in the Indian stock market rose to Rs 100.01 lakh crore in early morning trade at 1005 hours as benchmark Sensex soared by over 300 points in its continuing record rally.

Markets continued to trade flat with stock specific action seen ahead of the expiry of November derivative contracts today.

At 1:15PM, the 30-share Sensex was down 41 points at 28,345 and the 50-share Nifty was down 10 points at 8,466.

Markets rebounded from their day's lows in late noon trades following a recovery in select financials and capital goods shares while FMCG major ITC continues to lead gains.

At 2:15PM, the 30-share Sensex was up 70 points at 28,407 and the 50-share Nifty was up 19 points at 8,482.

Benchmark indices may open on a flat note tracking the mixed trends in their Asian peers. However, markets are likely to rebound later in the session and edge higher on firm global cues.

At 8:20AM, the early indicator SGX Nifty was up 5 points at 8,540.

Banking stocks continue to rally on the bourses, with the market value of the ICICI Bank, crossing the Rs two lakh crore mark. The private sector lender has become the third bank and ninth company in current list of companies having m-cap of over Rs 200,000 crore.

ICICI Bank scrip up 1.9% to Rs 1,766 on BSE, taking its market value to Rs 2,04,395 crore at 1121 hours, the BSE data shows. The bank is at the ninth positions in overall market capitalization (m-cap) ranking.

State Bank of India (SBI) today reclaimed its position as the country's most valued bank with a total market valuation of over Rs 2.25 lakh crore, surpassing private sector player HDFC Bank.

At 1008 hours, shares of SBI gained 2.2% to Rs 304 on BSE, taking its market value to Rs 226,734 crore, making it the overall sixth most valued company.

Benchmark indices are likely to open lower tracking the weakness in select Asian markets which remain subdued despite sharp overnight gains on Wall Street.

At 8:35AM, the early indicator SGX Nifty was down 3 points at 8,420.

Benchmark indices are trading in a tight range with Sensex and Nifty swinging between negative and positive zone. After touching record highs in the opening trades, markets slipped on account of profit booking at higher levels.

By 10:25, the Sensex was lower by 3 points at 28,160 mark whereas the Nifty dipped 8 points at 8,418 levels.

Benchmark share indices remained rangebound after the first hour of trade as gains in Bharti Airtel and index heavweight Reliance Industries helped offset losses in IT majors and HDFC.

At 10:45AM, the 30-share Sensex was up 64 points at 28,242 and the 50-share Nifty was up 12 points at 8,443.

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