Auto, Petroleum & IT stocks rallied on Indian markets
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Asian markets finished broadly higher with shares in Japan leading the region. The Nikkei 225 closed above 396 points or 2.44% to 16,650.57, followed by Hong Kong's Hang Seng which soared by 349 points or 1.57% to 22,494.76. China's Shanghai Composite was also up by 27 points or 0.93% to 3,004.28.
Indian market zoomed on Dalal Street led by global cues. The sensex soared over 104 points or 0.37% to 28,182.57, while Nifty zoomed nearly 28 points or 0.32% to 8711.35. Overall the Indian exchange were positive with BSE holding 20 advances and 10 declines. Also NSE recorded 33 advances and 18 declines.
Hero Motocorp was trading over Rs 87 or 2.53% to Rs 3521.25 after reporting positive June quarter result. The company reported net profit of Rs 883.10 crore, witnessing a rise of 18.13% yoy (year-on-year) and 5.80% qoq (quarter-on-quarter).
Britannia Industries soared over Rs 173 or 6.02% to Rs 3055 on positive June quarter performance. The company reported posted a consolidated net profit after tax, minority interest and share of profit of associates of Rs. 219.1 crore for the quarter ended June 30, 2016, a rise of 13.15% as compared to Rs. 193.6 crore for the quarter ended June 30, 2015.
Hindalco Industries soared 5% to Rs 150.85 on NSE exchange, trading as top gainer. Nearly 51,30,280 shares have been exchanged by invest
On Monday, Indian markets were trading positive led by good and service tax bill clearance and government announcing to attain 4% Inflation target by 2021. The sensex soared over 108 points or 0.39% to 28,186.66 and Nifty also zoomed nearly 25 points or 0.29% to 8708.50.