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Top Gainers
- Tata Steel
- M&M
- Kotak Mahindra
- Hindalco
- Dr Reddys Labs
Top Losers
- Idea Cellular
- GAIL
- NTPC
- Eicher Motors
- Tata Motors
Stock Market Closing Updates
The 30-share BSE Sensex rallied 241.17 points or 0.84 percent to 28984.49 and the 50-share NSE Nifty rose 66.20 points or 0.75 percent to 8945.80.
Experts expect the rally to continue in current month, though there may be intermittent consolidation.
India is in a bright spot in the global environment and demonetisation was only a temporary setback for the market, Rajat Rajgarhia of Motilal Oswal says, adding that data points now indicate things are beginning to look up.
Globally, too, investors are generally positive on equities, and commodities and so global trade looks good, says Rajgarhia.
Aggregate growth will be better in the next 12 months but there are pockets of opportunities where growth will be even better, he feels.
However, FIIs are yet cautious on consolidation/mergers happening in the PSU oil and gas space and would have a wait and watch approach, says Rajgarhia.
Closing Bell
Sensex Up + 241.17 @ 28984.49
Nifty Future Up + 62.65 @ 8972.00
Bank Nifty Future Up + 150.40 @ 20837.85
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