Sensex Gains 460 Points, Nifty Ends Above 18,450; Hindalco And Infosys Rally 5%

Indian share markets witnessed positive trading activity throughout the day today and ended on a strong note.

Benchmark indices extended their winning streak for the seventh straight day, ending at fresh record closing highs, led by gains in index heavyweights Infosys, ICICI Bank and ITC.

Investors shrugged off weakness in other Asian markets even as China's quarterly GDP growth hit a one-year low.

At the closing bell, the BSE Sensex stood higher by 460 points (up 0.8%).

Meanwhile, the NSE Nifty closed higher by 139 points (up 0.8%).

Hindalco and Infosys were among the top gainers today.

M&M and HCL Technologies, on the other hand, were among the top losers today.

The SGX Nifty was trading at 18,482, up by 127 points, at the time of writing.

The BSE Mid Cap index and the BSE Small Cap index ended up by 1% and 0.7%, respectively.

Sectoral indices ended on a mixed note with stocks in the metal sector, power sector, and IT sector witnessing most of the buying interest.

Healthcare and telecom stocks, on the other hand, witnessed selling pressure.

Shares of Bata India and Hindustan Aeronautics hit their respective 52-week highs today.

Asian stock markets ended on a mixed note today.

The Hang Seng ended up by 0.3%, while the Shanghai Composite ended down by 0.1%. The Nikkei ended down by 0.2% in today's session.

US stock futures are trading on a firm note today with the Dow Futures trading up by 278 points.

The rupee is trading at 75.34 against the US$.

Gold prices for the latest contract on MCX are trading on a flat note today at Rs 47,212 per 10 grams.

In news from the finance sector, PNB Housing Finance was among the top buzzing stocks today.

Shares of PNB Housing Finance were locked at the 5% lower circuit at Rs 607.1 per share on the BSE today in an otherwise strong market after the housing finance company called off the Rs 40 bn deal with Carlyle-led group of investors.

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Disclosure: Equitymaster Agora Research Private Limited (Research Analyst) bearing Registration No. INH000000537 (hereinafter referred as 'Equitymaster') is an independent equity research ...

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