Indian benchmark equity indices continued their upward momentum for the second consecutive trading session. The markets picked up the momentum in the late afternoon trade, led by gains in auto, oil & gas and power sectors on the back of positive cues from European peers. 50 stocks Nifty and 30 Stocks Sensex closed at positive terrain, Nifty crossed the 6100 level and closed at 6111.25 up by 28.10 points while Sensex ended at 20160.82 up by 130.05 points.
Shares of Coal India gained on the back of good results announced post market hours yesterday. It reported a net profit of Rs 5,414 crore for the quarter ended March 2013, up 35%, as compared to a net profit of Rs 4013.4 in the same quarter last fiscal.
Among the sectoral indices CNX PSE (1.53%) was the biggest gainers of the day followed by CNX Energy (1.52%) and CNX Auto (1.43%) while CNX Pharma was the biggest loser down by -0.69%.
Out of 50 stocks of Nifty 27 stocks ended in positive territory and 23 ended in negative.
Top 5 Nifty gainers: Hero Motorcorp (6.99%), JP Associate (4.20%), BHEL (3.58%), Coal India (2.93%) and M&M (2.50%) were index top gainers.
Top 5 Nifty losers: Ranbaxy (-2.67%), Ultra Cement (-1.96%), Kotak Bank (-1.79%), SBI (-1.56%) and Sesagoa (-1.53%) were index top losers.
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