Indian shares rose for second consecutive session, with Nifty hitting nearly to its 11 months highest at 8521 with 53 points up or 0.63 percent up. Sensex with average lead of 181 points or 0.66 percent closed at 27808. Maximum sectors traded in the positive zone except Healthcare, IT and FMCG. BANKEX Sector leads today with 340 points at 21402, BSE Small Cap with minor lead of 9 points closed at 12080, BSE Mid-Cap hike 59 points to 12116 and Nifty MidCap drifted up 75 points at 14345. Asian Market pace up to trade high in the positive zone. Nikkei being at the top hike 386 points at 16095, Hang Seng with 344 points lead closed at 21224 and Shanghai Composite closed at 3049 with 54 points up. Meanwhile, the strong likelihood of a goods and services tax bill being passed in the monsoon session of parliament, which starts on July 18, and hopes for a good start to the quarterly earnings season also boosted investor sentiment.
Gainers: Hindalco, ICICI Bank, Tata Steel, Axis Bank, Maruti Suzuki
Losers: Tata Power, Cipla, Coal India, BPCL, Aurobindo Pharma