Indian benchmark indices extended their gaining momentum for
the straight two trading sessions. Nifty opens 26 points higher to previous day
close whereas Sensex jumped over 200 points in the morning trade led by gains
in Tata Motors, ICICI Bank, Infosys and L&T on the back of positive cues
from global peers. Nifty ended the day at 5594 mark moved up by 35 point and
Sensex gained 128 points by closing at 18542.
Infosys shares moved to northward direction ahead of fourth
quarter result to be announced on Friday. Tata Motors shares gained after its
subsidiary Jaguar Land Rover's (JLR) global sales climbed 16% in March from a
year earlier to hit a record level, boosted by Chinese demand. Bharti Airtel
slumps 3% as the Supreme Court bans the telecom major from adding new 3G
customers in the 7 circles where it doesn't have spectrum.
Among the sectoral indices CNX Realty is the biggest gainer
moved up by 2.48% followed by CNX IT (2.23%) and Bank Nifty (1.66%).
Out of 50 stocks of Nifty 26 were advanced while 24 were
declined.
Top 5 Nifty gainers: DLF gained 4.83% followed by Tata
Motors (3.81%), LUPIN (3.81%), Infosys (3.53%) and ICICI Bank (3.46%).
Top 5 Nifty losers: Bharti Airtel traded 2.70% lower. Tata
Steel (-2.31%), NTPC (-2.14%), Grasim (-2.08%) and HDFC (-2.04%) were among the
biggest losers.
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