Paper stocks rally; Orient Paper gains by 7 per cent, penny stock Ballarpur Industries up by more than 4 per cent

The BSE Sensex and Nifty 50 looks unstoppable after gaining more than 300 points on Wednesday. The markets are rejoicing the positive GDP data in Q1. Also, the fact that the FPIs have turned net buyers is keeping large caps in bullish territory.

While Banking stocks, Realty Stocks, Capital Goods stocks and Power Stocks are seen outperforming on Wednesday, several paper stocks are seen rallying on bourses.

Orient Paper is the top gainer from the paper industry. Orient Paper is up by ~7 per cent on Wednesday. Ballarpur Industries, a penny stock is seen gaining by nearly 5 per cent on Wednesday.

Andhra Paper, JK Paper, Pudumjee Paper, Sheshasayee Paper and Malu Paper are all seen trading with gains of over 1 per cent on Wednesday.

BSE Private Bank Index is the top performing sectoral index (+1.68 per cent)  on Wednesday followed by BSE Capital Goods Index(+1.4 per cent) and BSE Realty Index (+1.4 per cent).