Indian equity rallied further on the back of consistent buying almost in all sectors barring technology at 11:32 hours. The Sensex gained more than 300 points and the Nifty added around 100 points in trade today, which were outperforming the Asian markets.
Auto was the leading sector, climbing nearly 4% on the back of good monthly sales numbers. M&M, Bajaj Auto, Maruti, Hero Honda, TVS Motor and Tata Motors shot up 2-5%. Maruti Suzuki sold 1.11 lakh units in the month of February as against 96,650 in same period the previous year. TVS Motor sold 1.73 lakh total 2-wheelers in February versus 1.40 lakh (YoY).
The BSE Bankex and Capital Goods indices went up around 2.5%. Among other indices, Metal, FMCG, Realty, Power, Healthcare and Oil & Gas indices were up 1-1.5%.
The 30-share BSE Sensex surged 348 points to 18,172 and the 50-share NSE Nifty gained 107 points at 5,440.
In the financial space, SBI, HDFC Bank, ICICI Bank, Axis Bank, HDFC and PNB rallied 2-3%. DLF from realty pack moved up over 2%.
Heavyweights Reliance Industries and NTPC were up 2% & 3%, respectively. L&T and BHEL from capital goods space surged 2.5% each.
SAIL, Hindalco, Sterlite, Hindalco and Jindal Steel from metal segment were up 1-2%. HUL, Infosys and ITC jumped 1.5-2%. However, Bharti Airtel, Wipro, TCS and Dr Reddy's Labs were the only losers on Nifty.
The broader indices were up 1.3-1.7%. About 998 shares advanced as against 252 shares declined on National Stock Exchange.
In midcap space, Gujarat Gas, Havells India, Glenmark, TVS Motor and Triveni Engg were up 6-8% while Shoppers Stop, Godfrey Phillip, Sintex India, EIH and Bajaj Corp were down 1.6-3%.
In smallcap space, KRBL, Asian Hotel (W), Rohit Ferro, Smartlink Network and Indian Hume Pipes gained 9-14% whereas Surana Inds, Emami Paper, Parenteral Drug, Ontrack Systems and Bheema Cements lost 5-6%.
Asian markets too were trading higher - Nikkei, Straits Times and Taiwan went up 1-1.6%. Shanghai was up nearly 0.7%.
Auto was the leading sector, climbing nearly 4% on the back of good monthly sales numbers. M&M, Bajaj Auto, Maruti, Hero Honda, TVS Motor and Tata Motors shot up 2-5%. Maruti Suzuki sold 1.11 lakh units in the month of February as against 96,650 in same period the previous year. TVS Motor sold 1.73 lakh total 2-wheelers in February versus 1.40 lakh (YoY).
The BSE Bankex and Capital Goods indices went up around 2.5%. Among other indices, Metal, FMCG, Realty, Power, Healthcare and Oil & Gas indices were up 1-1.5%.
The 30-share BSE Sensex surged 348 points to 18,172 and the 50-share NSE Nifty gained 107 points at 5,440.
In the financial space, SBI, HDFC Bank, ICICI Bank, Axis Bank, HDFC and PNB rallied 2-3%. DLF from realty pack moved up over 2%.
Heavyweights Reliance Industries and NTPC were up 2% & 3%, respectively. L&T and BHEL from capital goods space surged 2.5% each.
SAIL, Hindalco, Sterlite, Hindalco and Jindal Steel from metal segment were up 1-2%. HUL, Infosys and ITC jumped 1.5-2%. However, Bharti Airtel, Wipro, TCS and Dr Reddy's Labs were the only losers on Nifty.
The broader indices were up 1.3-1.7%. About 998 shares advanced as against 252 shares declined on National Stock Exchange.
In midcap space, Gujarat Gas, Havells India, Glenmark, TVS Motor and Triveni Engg were up 6-8% while Shoppers Stop, Godfrey Phillip, Sintex India, EIH and Bajaj Corp were down 1.6-3%.
In smallcap space, KRBL, Asian Hotel (W), Rohit Ferro, Smartlink Network and Indian Hume Pipes gained 9-14% whereas Surana Inds, Emami Paper, Parenteral Drug, Ontrack Systems and Bheema Cements lost 5-6%.
Asian markets too were trading higher - Nikkei, Straits Times and Taiwan went up 1-1.6%. Shanghai was up nearly 0.7%.
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