Here's what is happening at Dalal street today

Both the Nifty and the Sensex surged above major resistances in early Friday deals as traders went long on select blue chips and as funds tried to boost net asset values on the last day of the month.

Both indices traded above crucial levels of 8,500 and 28,000 points respectively. Here is a snapshot of how markets are trading around

11:15 AM with a special focus on the futures and options space:

MAJOR INDICES:

NIFTY jumps 75 points to 8,469. M&M, Reddy's, Lupin were the top gainers.

SENSEX soared 306 points to 28,0120 levels.

SECTORAL INDICES:

BANK NIFTY surged 168 to 18,608 points.

CNX Pharma Index surged 248 to 12,320 points CNX AUTO jumped 144 to 8,532 points CNX FMCG Index leapt 206 at 20,750 points CNX IT Index rose 100 at 11,495 points CNX Metal Index added 36 to 2,132 points



FUTURES AND OPTIONS MAJOR GAINERS Sun TV IDBI India Cements

MAJOR LOSERS Kotak Bank Colgate GMR Infra

TOP OI GAINERS Grasim Colgate Reddy's

TOP TRADED FUTURES Yes Bank Reliance Industries Sun TV



52-WEEK HIGHS Dr. Reddy's CCL Products LT Foods Essel Propack

ADVANCE-DECLINE RATIO Nifty: 44/6 Sensex: 27/3 Futures: 130/30 Broader Market: 1,494/771

(Image credits: Indiatimes)