After snapping two loss sessions, domestic equity market jumped nearly 2% of gain in today’s session tracking Solid December quarter results, along with positive global cues fulled an across-the-board buying in the equity markets on Tuesday. Net Buying of FII/FPI stood at Rs. 257.55 crore while Net selling of DII was at Rs.199.30 crore. The Sensex ended 834.02 points or 1.72 percent higher at 49,398.29 with shares of Bajaj Finserv, Bajaj Finance, HDFC, L & T, ICICI Bank, Sun Pharma ,NTPC were the gainers with having gains of 6.77%, 5.25%, 3.25%, 2.64%, 2.64%, 2.55%,2.21% respectively while shares of Tech Mahindra, ITC, Mahindra & Mahindra were having loss of 0.54%, 0.30%, 0.01% respectively. The Nifty gained 239.85 points or 1.68 percent to close at 14,521.15 with sectors like Realty, Metal, Media, Bank, Energy, Auto Indexes were having gains of 4.19%, 2.92%, 2.49%,1.93%, 1.85%, 1.76% respectively.
TOP STOCKS IN NEWSCAST:
Bajaj Finance surged over 5% as Kotak Securities Limited has sell call on Bajaj Finance Ltd with a target price of Rs 4480.The company will announce their third quarter (ending December 31) results on Wednesday.
L & T gained over 3% as the company has secured a large order for its Heavy Civil Infrastructure business from Rail Vikas Nigam Limited (RVNL) for package-4 of the New Broad-Gauge Line between Rishikesh and Karanprayag in Uttarakhand.
NTPC jumped over 3% as the company has issued a tender, inviting bids from eligible bidders, for setting up of a 250 kW rooftop solar PV power plant at its Eastern Region HQ complex in Patna, Bihar.