The BSE on monday opened firm and has already gained 532 points within an hour of start of trade.Following the cue the NIFTY has also gained 136 points within the same duration.The sector to watch today is Banking.SBIs second quarter positive result has led to the rally in its stock by over 2% or Rs 41.The other major gainers till now are Jindal Steel and Power up by 6.9%, Ispat Industries by over 4.4% .The banking sector is on a rally with all major banks trading in the positive territory like ICICI,UBI,Axis,Centurion bank,Punjab Bank,Indian Overseas bank,Allahabad Bank,Yes bank etc.The focus is also on Reliance Industries whose script is up by Rs 68(till 11.15 am) and its market cap has crossed the magical Rs 400,000 crores.It is the first Indian company to do so.L&t,BHEL,Grasim Industries,HDFC are the other smart gainers.The stock to watch for today are BOI,  BHEL, Hinduja TMT , HDIL,Sobha Developers whose results are due today.

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