Equity Market Head Lines
- Nifty, Sensex hit record max as the FIIs rush to shining India
- Kotak Mahindra Bank Q3 profit rises upward to 37 percent to Rs 464.5 Cr
- India's growth rate to surpass China's in 2016: IMF
- Muthoot Finance upward to 5 percent, to be biz correspondent of YES Bank
- South Indian Bank Q3 profit slips downward to 38 percent on maximum provisions
- PM, Modi promises reforms 'at top speed' -0.28 percent
S&P BSE Sensex rises as much as 1.96 % or 567 points on trade on Tuesday to hit its fresh lifetime max of 28829.29, after the rival NSE index touched the milestone level of 8700 earlier in the day.
The 50 share Nifty index expanded profit gains for the fourth straight session to surge past its critical psychological resistance level of 8700 for the first time ever in trade on Tuesday, as the buying action sharpen in metals, banks and FMCG sectors on the hopes of a rise upward in growth and earnings in the coming quarters.
As 197 stocks surged to strike their fresh 52 week high, which include names like Axis Bank, BOSCH, HDFC Bank, HDFC, ICICI Bank, MRF, Tata Motors, United Spirits, Yes Bank, Shree Cements etc.
On the NSE, as many as 93 stocks rose to their fresh 52 week highs, which include names like Yes Bank, BASF India, Ambuja Cements.
DAILY GAINERS AND LOOSERS
GAINERS
Sesa Sterlite
Tata Steel
Axis Bank
Tata Motors
LOOSERS
GAIL India
Tata Power
Maruti
Dr. Reddys
M&M
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