Markets closed higher on the second consecutive day on Tuesday, led by stocks rally in auto and Metal gauges. The BSE benchmark Sensex rose 291 points to 38,506 and the NSE Nifty50 advanced 87 points to 11428.30, while the Nifty-500 Index rose 0.92% in today’s trading session. Get Nifty Options Tips by just clicking the link.
Among the 11 sectoral stocks rolled up by NSE ended higher, led by maximum gains by the Nifty Auto, followed by Metal and Bank and Media.
Eicher Motors, Vedanta, Zee Ent, ONGC and Hero MotoCorp were top gainers on the nifty. On the other hand, Bharti Airtel, Infosys, Bharti Infratel, Tata Motors and JSW Steel led the losses.
Auto stocks surged 2.23% (167 points) touching the Nifty Auto index at 7688.25, led by major gains in Eicher Motors, Bosch, TVS Motors, up 3 to 4.6%. Motherson Sumi, Hero Motor Corp, Maruti, Mahindra and Mahindra, Ashok Layland, Apollo Tyres, and MRF have also made a strong rally in the Auto stocks.
Nifty Metal stocks soared 1.56% after media reported that China has confirmed inking trade deal with the US.
Hindustan jumped 4.11% being the top gainer on the Metal index, followed by Vedanta, Jindal Steel and NMDC gaining 3 to 4% each. APL Apollo, NALCO, Welspun Corp, SAIL and Hindalco have also risen significantly.
The entire constituents from the Nifty Metal index barring JSW Steel, Ratnamani Steel and were trading in the negative zone.
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