Indian equity market ended positive for the 7th straight trading session led by strong buying by FIIs. Meanwhile broad based indices rallied in defined range throughout the day. Sensex for the 3rd consecuitve day hits its fresh high of 29,060 and wrapped up session at 29,006.02 gained 117.16 points or 0.41%. Sensex moves 28,000 to 29,000 mark in just two and a half months. It had hit 28,000 mark on Nov 5, 2014. Tracking the momentum Nifty surged 31.90 points to end the day at 8,761.40, after hitting all time high of 8,772.
Indian Markets extending its gain a ahead of European Central Bank meeting outcome later in the day on the hopes of quantitative easing by the European Central Bank.
The rupee traded flat to marginally lower as the dollar strengthened overseas. The rupee pared its early trade gain on mild bouts of dollar demand by importers. USDINR pair ended at 61.69 against a close of 61.74 yesterday.
Among the sectorial indices CNX Pharama (1.67%) was the biggest gainer followed by CNX Auto (0.71%) and CNX Media (0.70%) while CNX Energy (-0.84%) was the top loser. Most of the other sectorial indices ended in green terrain.
Market breath of NSE remain Negative for the day with 641 negative against 580 positve and 47 remian unchanged.
Out of 50 stocks of Nifty 31 ended in green, 13 in red and 1 reamin unchanged.
Top 5 Nifty Gainers: Sun Pharma (3.62%), Axis Bank (3.61%), DLF (3.48%), Tata Motors (2.65%) and IDFC (2.47%).
Top 5 Nifty Losers: Reliance (-2.49%), NTPC (-2.16%), PNB (-1.50%), HCL (-1.50%) and Tech Mahindra (-1.27%).
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