Strong Rally of Sensex & Nifty; Closed New Record Highs

It was an impressive rally for the benchmarks, Sensex and Nifty, ahead of Holidays and the II-phase of voting for Lok Sabha elections on Thursday. 

With new high new record highs, BSE Sensitive Index advanced 369.80-pts to end at 39,275.64, while broader Nifty50 of the NSE gained 96.80 points to close at 11,787 -level.

The Q4 earnings started with strong numbers of the TCS, which closed one percent higher, has the market buoyant.  Further, ICICI Bank gained as 4 percent after Goldman Sachs raised the price target for the stock to Rs492, from the earlier Rs451.

IndusInd Bank, ICICIBank, TitanCo, ONGC and Grasim Industries were top gainers on the Nifty, while the top losers were Wipro, Cipla, GAILIndia, TataMotors and Infosys.

Among Sectors, only the Nifty IT, PSU bank and Realty were ended lower selling pressure, but all the other sectoral spaces ended with profits

Nifty Bank closed 1.42-pc higher at 30531.35 with major gains in IndusInd Bank, up 3,94%, ICICI Bank up 3.87% among the top gainers in the banking sector.

Stock markets will remain closed on Wednesday for MahavirJayanti and Friday on account of Good Friday.

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