United States Vs China trade developments supported the Indian market gains in the final hour session, Wednesday. Among sectoral stocks, excluding Realty, energy and infrastructure, all other segments closed in the green led by the IT, metal, banking and pharma.
Throughout the day, the Sensex and Nifty fluctuated between gains and losses, however, markets picked up bullish trend following reports that America and China were moving closer to a trade deal.
In addition, investors concentrated vigilant ahead of the Reserve bank of India monetary policy outcome, which is due tomorrow, 5th December.
Tata Motors, Yes Bank, ICICI Bank, Vedanta and Hindalco were among the top gainers in the Nifty, whereas L&T, Reliance. Coal India, IOC and Bajaj Finserve were top losers.
On the sectoral front, metal stocks have shimmered with the Nifty Metal index closing 1.51% led by NMDC, SAIL, Vedanta, Hindalco, Tata Steel, Jindal Steel, JSW Steel up by 1 to 4.8% in range.
Among the banking stocks, Oriental Bank of Commerce, Canara Bank, Jammu&Kashmir Bank, Bank of Baroda and Indian Bank were among top gainers in the Nifty PSU bank index, pushing the index up by 1.92% to 2,620.30.
The most active-stocks are seen today’s session – i.e. the Yes Bank, Reliance Industries, ICICI Bank, L&T and Tata Motors.