Mumbai -- Cements stocks are in the limelight led by heavy buying in ACC, the scrip has gained by 4.2% to Rs. 813, Grasim Industries surged by 3.2% to Rs. 1978, Gujarat Ambuja Cements rose by 4.2% to Rs. 103 and Mangalam Cements has gained by 2.2% to Rs. 159.

Likewise, Banking stocks are recording smart gains. SBI has surged by 5% to Rs. 728, ICICI Bank has gained by 5.5% to Rs. 493, HDFC Bank climbed 5% to Rs. 732, Canara Bank is up by 3.8% to Rs. 180 and Andhra Bank jumped 7% to Rs. 60.

Besides banking and cement stocks, Metal stocks are rapidly bouncing back. Hindalco has surged by 6.3% to Rs. 165, National Aluminum has gained by 2.4% to Rs. 217, TISCO mounted 6% to Rs. 487 and SAIL edged higher by 0.8% to Rs. 69.

Even FMCG stocks are witnessing heavy buying. Dabur has surged by 4.9% to Rs. 140, HLL has gained by 4.1% to Rs. 233, ITC is up by 5% to Rs. 175, Tata Tea jumped 4.2% to Rs. 736, and Colgate rose by 5% to Rs. 375.

Ranbaxy Laboratories has gained by 7.8% to Rs. 350 after the company announced their Q2 results with net profit at Rs. 121 crore (Rs. 1.21bn, up 19.8%) against Rs. 101.3 crore (Rs. 1.01 bn). Company's revenue was at Rs. 1,446 crore (14.46bn, up 7.2%) from Rs. 1,348 crore (Rs. 13.48bn). The scrip has touched a high of Rs. 350 and a low of Rs. 329 and has recorded volumes of over 20 lakh shares on NSE. Its EBITDA margin was up at 18.3% against 12.6%.