Cues from Asia and rest of the equity markets were robust which has helped in such a rally.Asia has ended in green with gains of 1%-3%. Hefty 14 points premium is seen in Nifty futures.

Top 6 stocks contributed to 90% to the 1000 point rally from 19,000 to 20,000.

L&T and ICICI Bank top contributors with 50% contribution of last 1000 points rally.

Large caps are the clear outperformers. L&T, BHEL, Reliance Petro, Siemens, HDFC, HDFC Bank were among the star performers.

Broader markets also participated in the uptrend both the midcap and smallcap indices each up nearly 2%.

On the corporate front, Maruti came out with numbers largely inline with street expectations. Capital goods, banking, metal and realty stocks were in focus. Market breadth is positive with impressive volume. All the key indices are trading in green. BSE capital good index has raced ahead and was up 7% followed by BSE metal, oil & gas and bankex each up over 3%.