Two benchmarks – Sensex, Nifty – snapped their 6-days declines and made a strong rally led by banking and financial stocks. The stock indices, which have been slipping over the course of six consecutive sessions, have been able to find buying support at the minimum level today. All eyes are now focused on the minutes of the Federal Reserves last meet, which will be released today late hours.
IndusInd Bank, Infratel, Airtel, SBI and UltraTech were the top Nifty gainers, while Yes Bank, Hero MotoCorp, Zee Entertainment, Titan and HCL Tech led the losses.
Get Nifty Options Tips by just clicking the link.
On the sectoral stocks, the Nifty Bank index rallied 1,018 points or 3.6% to touch the index at 28,785.85, while Private Bank indices rose 3.47% and PSU Bank wen up 3.10%. Also, Nifty Auto, financial Infrastructure, Pharma Energy, Realty and Metal climbed between 1 to 2%, in range.
Within positive market breadth, about 965 shares advanced against 820 falling shares on the NSE. In the NIfty50 pack, only 12 stocks declined while the rest 38 stocks advanced.
Shares of IndusInd Bank jumped over 5.52% ahead of its financial results scheduled to report on Thursday. Today, IndusInd bank share price ended at 1,309.50 up by 5.52% from the previous closing.
Investors are on the lookout of their upcoming share price movement based on second-quarter corporate earnings.
TCS is expected to report its earnings on Thursday, 10-October. TCS share price today ended at Rs.2021.90, down 1.26% from the previous closing.
The share price of Sobha gained 5.67% at 455.80 after Citi maintained buy call on the stock.
To avail Free Trading Tips go to our official site.