Sensex rises 350 points, Nifty up at 17,325 | Top performing stocks
India Today
NSE Nifty 50 index ended 0.60 per cent or 103.30 higher at 17,325.3, while the S&P BSE Sensex rose 0.61 per cent or 350.16 points to 57,943.65.
The share market extended gains as the Nifty 50 posted its best close since mid-February on Tuesday, with investors focussing on Russia-Ukraine peace talks.
The blue-chip NSE Nifty 50 index ended 0.60 per cent or 103.30 points higher at 17,325.3, while the S&P BSE Sensex rose 0.61 per cent or 350.16 points to 57,943.65, boosted by heavyweight financial stocks.
Financials and pharmaceutical stocks dominated gains in Mumbai, with the Nifty financial services index advancing 1 per cent on a 3.1 per cent jump in mortgage lender HDFC Ltd. The Nifty Pharma index climbed 1.5 per cent, led by a 6 per cent surge in IPCA Laboratories, according to a Reuters report.
Truckmaker Eicher Ltd EICH.NS was the biggest percentage gainer on the Nifty 50, rising 4.2 per cent to a near one-month high.
However, a 7 per cent drop in Hero MotoCorp dragged the Nifty Auto index lower. Reuters partner ANI reported that the income tax authorities found that the company made more than 10 billion rupees in bogus expenses.
Shares of edible oil maker Ruchi Soya Industries surged 15.8 per cent. India's market regulator gave investors an option to withdraw their applications from the company's follow-on public offering after messages were circulated advertising a discount to the offering.
Adani Power extended gains to a fifth day, rising 14 per cent to a record high.
