Sensex ends 500 pts up; Nifty above 144 pts; auto stocks in lead
Monday trading session was a treat to watch. Sensex, Nifty touched a 11-month high on Dalal Street, led by US job data and positive global cue. The 30-stock index closed at 27,626.69 up 500 points or 1.84%, with 29 advances and 1 declines. While NSE soared by 144.70 points or 1.74% at 8,460.90 with 48 advances and 3 declines.
Tata Motors stock is a top pick on exchange led by its robust growth in global vehicle wholesale for June. The company reported a 21% rise in June global vehicle wholesale. Is JLR retail sales also jumped by 17% yoy (year-on-year). The shares of the company was trading at Rs. 483.95 up by 17.65 points or 3.79%. It opened at Rs. 472.10 higher from its previous closing of Rs. 466.30. Till now, around 73 lakh shares have been traded valuing at Rs. 353.78 crore.
Nifty is trading massively positive with 51 advances. All stocks were on upbeat. Top gainers were Power Grid surging by 3.77% at Rs. 170.65, followed by Tata Motors at Rs. 482.90 up 3.56%. While ICICI Bank and NTPC were trading in the range of 2.90%-3.30% at Rs. 249.90 and Rs. 158.30 respectively.
The U.S. has added 287,000 jobs during the month of June, which has led market to perform on a positive note. Rupee was trading steady at 67.090 down 0.050 paise or 0.07% against US dollars. Asian market too commenced in green with Nikkei 225 rallying over 535 points or 3.55% at 15,642.53. Also Hang Seng shares soar by 373 points or 1.81% at 20,936.99; while Shamghai SE Composite index was marginally up at 3,010.57.