Benchmark BSE Sensex closed at 30,582.60 higher by 260.48 points or 0.8% whereas Nifty-50 closed at 9,512.25 higher by 66.85 points or 0.7%, on Tuesday backed by PSU banks, FMCG, auto and IT stocks.
Nifty PSU Bank index led the market rally in today’s trading session gaining 2.4% during the trade, while the Nifty closed above 9,500 for the first time ever, Sensex closed above its psychological 30,500 mark. Reliance, SBI, ITC and TCS contributed 45% to the Nifty gains, with IOC and Indian Hotels being the prominent Nifty gainers.
ITC gained 2.2 percent to Rs 283.45, hitting a high and low of Rs 284.25 and 278.10 respectively, in intraday trade. Auto stocks rose with Hero MotoCorp gaining 3.2%, Eicher Motors went up 1.39%, Tata Motors rose 1.23%, Bajaj Auto went up 0.98% among others.
The market breadth was strong with 853 advancing stocks against 791 declining stocks and 307 unchanged stocks on NSE.
The stock of Voltamp Transformers surged 8% as the company today reported a net profit at Rs 22.65 Cr, for the quarter ended March 2017, versus Rs 19.21 Cr, for the corresponding quarter of the last year.
Nifty PSU Bank index led the market rally in today’s trading session gaining 2.4% during the trade, while the Nifty closed above 9,500 for the first time ever, Sensex closed above its psychological 30,500 mark. Reliance, SBI, ITC and TCS contributed 45% to the Nifty gains, with IOC and Indian Hotels being the prominent Nifty gainers.
ITC gained 2.2 percent to Rs 283.45, hitting a high and low of Rs 284.25 and 278.10 respectively, in intraday trade. Auto stocks rose with Hero MotoCorp gaining 3.2%, Eicher Motors went up 1.39%, Tata Motors rose 1.23%, Bajaj Auto went up 0.98% among others.
The market breadth was strong with 853 advancing stocks against 791 declining stocks and 307 unchanged stocks on NSE.
The stock of Voltamp Transformers surged 8% as the company today reported a net profit at Rs 22.65 Cr, for the quarter ended March 2017, versus Rs 19.21 Cr, for the corresponding quarter of the last year.