Free Nifty tips - A relief rally in global stock market pulled the domestic equity market higher on Thursday as the benchmark indices surged smartly through the day. Echoing the sentiments seen on other Asian and European markets, investors at home breathed a sigh of relief over the passing of this most-awaited financial event of the year.
The S&P BSE Sensex rallied smartly to close the day at 25,803, gaining 310 points, or 1.21 per cent while the 50-stocks barometer Nifty50 ended the day 93 points, or 1.21 per cent, higher at 7,837. Tata Steel and Vedanta, were the top gainers on the BSE benchmark. The overall market breadth remained upbeat with 25 of the BSE30 stocks closing the day in the black.
The rally was supported by gains in metals, consumer discretionary and basic materials stocks including index heavyweights like Tata Steel, Hindalco and Vedanta among others. The BSE Metal was the top sectoral gainer, up 2.46 per cent. SAIL and Tata Steel contributed most to the gains seen on the index.
The broader market also mirrored the rally seen on the benchmark indices with the BSE midcap and smallcap indices surging 1.56 and 1.72 per cent at close, respectively.
Top Gainers:
TATA STEEL (5.1%),
VEDANTA (3.8%), HINDALCO (3.7%), BAJAJ AUTO (3.3%), RIL (3.2%)
Top Losers:
ONGC (0.7%), AXIS
BANK (0.5%), GAIL (0.1%), LUPIN (0.1%)
Nifty50 heading
towards 7,800: Mitesh Thacker, Technical Analyst
GST will lead to
disruption initially: Dipan Mehta, Member, BSE & NSE
Rise in US bond
yields may direct realignment towards EM pack: Gaurav Mehta,
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