Indian markets surged on Tuesday to a 5-month high on the hope that the government may take steps to revive investments. Positive global cues and signs of improving rainfall also supported the market rally. Both Sensex and Nifty gained more than 1% each and Nifty closed above 5400 levels. Buying was seen in IT, power, realty, auto and metal stocks.
The Sensex closed at 17885, up 194 points, whereas the Nifty jumped up 54 points to end the day at 5421.
Major gainers were Sterlite Industries (India) (4.46%), NTPC (3.12%), Housing Development Finance Corporation (2.92%), G A I L (India) (2.58%), Tata Power Company (2.52%), and Tata Motors (2.37%).
Major losers were Hindalco Industries (1.45%), Bharti Airtel (1.32%), Dr Reddy's Laboratories (0.66%), Tata Steel (0.66%), Hero Motocorp (0.59%) and I T C (0.29%)
The IT index was up by 1.76%. Major gainers were Mphasis (1.77%), Hexaware Technologies (0.96%), CORE Education and Technologies (0.75%), Oracle Financial Services Software (0.62%) and H C L Technologies (0.03%).
The Power index was up 1.66%. Major gainers were Bharat Heavy Electricals (1.14%), Reliance Infrastructure (0.73%), A B B (0.64%), Crompton Greaves (0.38%) and G M R Infrastructure (0.24%).
The TECk index gained 1.32%. Major gainers were Reliance MediaWorks (8.48%), Dish TV India (2.33%), Mphasis (1.77%), Oracle Financial Services Software (0.62%) and Idea Cellular (0.6%).
The HC index was down 0.03%. Major losers were Glenmark Pharmaceutical (1.85%), Ipca Laboratories (1%), Dr Reddy'S Laboratories (0.66%), Biocon (0.3%) and Glaxo SmithKline Pharmaceuticals (0.21%).
Major gainers in the mid– cap space were Amara Raja Batteries (1.02%), CORE Education and Technologies (0.75%), A I A Engineering (0.59%), A B G Shipyard (0.35%) and Aban Offshore (0.33%).
Major gainers among small - cap were Adhunik Metaliks (1.24%), Styrolution ABS (India) (1.08%), Action Construction Equipment (0.83%), Aarti Industries (0.7%) and A B G Infralogistics (0.64%).
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