Indian Stock Markets broke out of consolidation and closed a percent higher, after a prolonged breather of three trading sessions, taking positive cues from the Wall Street and Asian bourses. Barring the IT sector in broader market that tumbled 0.9%, all other sectors ended in positive with Metal remaining at the forefront with 3 percent gains. BSE Auto sector followed the optimism and gained 2% where Tata Motors (D) and Tata Motors gained the most after Tata Motors posted JLR sales data early in the morning session. Banks too recovered from the prior day losses.
Sensex closed 245 points up at 26878 and Nifty hiked 83 points at 8273. Nifty Midcap gained 194 points intraday at 14876. About 1928 shares advanced, 903 shares declined and 493 shares remained unchanged.
Gainers: Adani Ports, Tata Motors (D), Yes Bank, Tata Steel, Tata Motors
Losers: Tech Mahindra, TCS, HCL Tech, Bharti Infratel, Infosys
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