Markets witnessed a strong trading session with good gains seen on the indices. Stocks from almost all the sectors participated in the rally.
The Nifty closed at 4961, up by 87.6 pts or 1.8%. Earlier during the day, Nifty had reached intraday highs with gains peaking over 2% from yesterday’s close. The BSE Sensex saw an upward movement of 276.69 points, to close at 16,466.05.
Maruti Motors, from the Auto sector, has seen a spectacular gain. The stock remained active in the trade right from the beginning, and managed to close with a stellar 10% gain.
Other large cap names like L&T, ONGC also closed with good gains. Metal counters were all shining in today’s trade. Hindalco gained over 5% to close at 139.80. Other counters including Sterlite, Tata steel and JSW Steel – all managed to close with good gains.
IT major TCS, was subdued in the trade, with its Q3 numbers being expected to be out today.