Markets zoom up in closing trade
The benchmark indices BSE Sensex and Nifty50 surprised in the last leg of trading on Tuesday with a 268 point jump. Sensex closed at 38,363.47, up by 268.40 points or 0.70 per cent and Nifty 50 closed at 11,532.40, up by 70.20 points or 0.61 per cent.
The highlight of Tuesday's trade included Reliance Industries hitting a market capitalization of US$125 billion for the first time since 2008. Index stocks that are flirting with their 52-week highs were ICICI Bank, Axis Bank, UPL, Reliance and Titan.
On BSE Sensex the top gainers was ITC at Rs. 299.40 per share, up by 2.45 per cent, NTPC at Rs. 135.10, up by 2.19 per cent, HCL Tech at Rs. 1,034.60, up by 2.18 per cent, Reliance at Rs. 1,375.25, up by 2.05, Bharti Airtel at Rs. 336.65, up by 1.81 per cent, Infy was at Rs. 721.50, up by 1.66 per cent. The top losers were Hero Moto, L&T, Maruti, Bajaj Auto, Coal India and Vedanta down by 2.10 per cent to 0.32 per cent in that order.
Among the top gainers on Nifty50 were tech stocks HCL Tech and Infy, along with Infratel, Reliance and ITC, each up more than 2 per cent on closing, whereas the top losers were auto stocks Eicher Motors, Hero Moto, Maruti, Bajaj-Auto, as well as JSW Steel and L&T.
On a sectoral basis, all indices except the Nifty Auto and Nifty Metal were trading in the green.