Closing Bell: Market extend gains, Nifty scales 17300
Domestic equity bourses Sensex and Nifty held on to gains after a gap-up start on Tuesday amid positivity across global markets on falling crude oil prices and peace talks between Russia and Ukraine.
The Indian equity market closed higher for the second straight session on strong global cues. Today, Asian markets also traded with gains, in line with an overnight tech-led rally on Wall Street.
At the closing bell on March 29, the Sensex was up 350.16 points or 0.61% at 57,943.65, and the Nifty was up 103.30 points or 0.60% at 17,325.30. On the market breadth, around 1307 shares have advanced, 1917 shares declined, and 89 shares are unchanged.
Top Nifty gainers of the day include Eicher Motors, Divis Labs, JSW Steel, HDFC and Adani Ports. On the flip side, Hero MotoCorp, ONGC, Coal India, IOC and ITC were among the big losers.
On the sectoral basis, except oil & gas, all other indices ended in the green, with pharma and realty indices up 1% each and capital goods index added 0.65%. In the broader market, the BSE midcap and smallcap indices added 0.6% each.
In the laggards today, share price of Hero MotoCorp slipped nearly 7% after the Income Tax department alleged that the company made bogus expenses of over Rs 1,000 crore. While in the trending stocks, Bharti Airtel stock jumped 3% after the company along with unit Nettle Infrastructure Investments, had bought 12.71 crore shares of Indus Towers from an affiliate of UK’s Vodafone Group Plc for Rs 2,388.05 crore.
GR Infraprojects stock climbed 4% after the company has emerged as an L-1 bidder for two projects in Maharashtra. Among the stock buzzers, Ruchi Soya Industries added 15% after investors in Ruchi Soya's Follow-on Public Offer (FPO) have been allowed to withdraw their bids, due to an advertisement that was termed as misleading by the market regulator SEBI.
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