Indian markets broke out of consolidation and closed a percent higher, after a prolonged breather of three trading sessions, taking positive cues from the Wall Street and Asian bourses.
NSE Nifty closed above 8250 mark at 8273, while BSE Sensex closed at 26878 levels gaining 245 points.
Barring the IT sector that tumbled 0.9%, all other sectors ended in green with Metal remaining at the forefront with 3% gains.
JSW Steel remained the top gainer in the metal index with 7.8% gains.
Auto sector followed the optimism and gained 2% where Tata Motors DVR and Tata Motors gained the most after Tata Motors posted JLR sales data early in the morning session.
Banks too recovered from prior day losses. All of the Bank index constituents were up in green in today’s session.
Tata Motors DVR and Adani Ports were the top gainers while IT giants, Tech Mahindra, TCS and HCL Technologies remained top losers for the Nifty.
Chambal Fertilisers: The stocks sizzled upon reports of Ministry of fertilisers seeking for 80000 crore as subsidy.
Tata Motors: Tata Motors gained with record sales for JLR being reported from US markets.
Yes Bank: Yes bank was the top gainer in the banking space even as Jugnoo enables UPI payments powered by YES Bank on its app.
Bank of Baroda: The stock, in line with the broader trend gained on bourses on intraday basis even as the bank reduced its Marginal cost of lending rate today.
The rupee was trading at 67.79 against the US dollar.
Market breadth remained highly positive with 1950 advances and 885 declines.
Top 5 Nifty Gainers: Adani Ports & Sez (4.70%), Tata Motors (3.43%), Tata Steel (3.26%), Bharti Airtel (2.63%) and ONGC (2.57%).
Top 5 Nifty Losers: TCS (-1.66%), NTPC (-0.30%), HDFC Bank (-0.13%), and Infosys Ltd. (-0.13%)
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