Markets witnessed a strong trade towards the close of the session, taking Nifty close to the 5400 mark. Infrastructure related stocks continued to gain today as well, while selected counters from the banking space were down.
The Nifty closed at 5372, up by 38 pts or +0.7%.
JPAssociates was up by 4% in the trade, while Punj lloyd recorded a 2% upmove.
Hindalco was a big gainer with 5.4% gains.
Index heavyweight ONGC was down by over 1%, after it announced its results for the previous quarter. The company announced a decline in the profits in the quarter ended in December.
Another major impact with the results was with Bharti Airtel. The stock was down by 6.8% by close. The company came up with its quarterly results which disappointed the markets.