Banks, Auto, and IT takes Markets higher
Indian stocks markets started on good opening trade on the strong global cues and held their gains through out the day. However the Nifty was enable to cross the 2800 mark and ended at 2762.50 up by 28 points.
The BSE Sensex also ended in green with the gains of 80.50 points closed at 8902.56.
Today’s market rally was mainly on the back of good global cues, as the US markets ended higher and Asian markets also were trading higher. Even the European markets also opened in green.
In today markets share of banks, IT, and auto had good buying support. The auto stocks were up on the hope hat the demand for the CV will get boost after the CV makers announced the rate cut to the tunes of Rs.16000. The rate cut was announced after the government had announced excise duty cut on Tuesday.
Top gainer of the markets today is: M&M up by 7.20% closed at 317.20, Tata Motors ended 6.06% higher closed at 140.10, and NALCO up by 4.18%
Top losers of the markets today is: Ranbaxy down by 3.60%, ABB down by 2.96% and HDFC down by 2.86%