Indian equity markets bounced on the back of favourable WPI Data released during 1st half of the day. Sensex crossed the 20,000 level on the hopes of rate cut after the WPI inflation for the month of June came in lower than expected at 4.86%. Sensex ended the day at 20,034.48 up by 76.01 points while Nifty ended at 6,030.80 up by 21 points.
Tata Steel's European arm has reported a record loss of 1.2 billion pounds for the year. Tata Steel Europe, Britain's largest steel producer, reported the losses for the year until March 31 as part of its latest results filed at Companies House in the UK.
Shares of Infosys slipped after a sharp rally in previous session on the back of better than expected results.
Among the sectoral indices CNX Realty surged by 2.20% and was the biggest gainer of the day followed by CNX PSU Bank (1.96%) and CNX Consumption (1.29%) while CNX PSE fell down by -0.56%.
Out of the 50 stocks of Nifty 33 stocks ended in green while 17 stocks in red.
Top 5 Nifty gainers: PNB (5.30%), BOB (4.31), CAIRN (3.96%), JP Associate (3.91%) and Hindalco (3.34%) were among the top Nifty gainers.
Top 5 Nifty losers: Coal India (-2.57%), NTPC (-2.22%), Tata Steel (-2.13%), Infosys (-2.08%), BHEL (-1.35%) were top Nifty losers.
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