Sensex closes at two-year high; Nifty crosses 9,000-mark
Domestic markets on Tuesday remained bullish as it was rising high on Modi's win in Uttar Pradesh during the recent State Assembly Elections. Markets touched two-year high.
BSE Sensex closed at 29,442.63, up 496.40 points or 1.71%, while NSE Nifty ended at 9,087, up 152.45 points or 1.71%. During the intraday, Nifty had also crossed 9,100-mark.
On 30-share benchmark, among top gainers were ICICI Bank (5.99%), Hindustan Unilever (4.54%), Larsen & Toubro (4.40%), HDFC (3.69%) and Sun Pharma (3.61%). Among top losers were Bharti Airtel (-0.95%), Axis Bank (-0.88%), Coal India (-0.76%), Gail (-0.59%) and Bajaj Auto (-0.20%).
All the sectors on BSE performed well except Metal. Banking sector was top gainer as it closed 2% up or 456.92 points.
During the trading hours, investors also witnessed wholesale inflation data. The Wholesale Price Index (WPI) or wholesale inflation for the month of February stood at 6.55% (provisional) for the month of February, 2017 (over February, 2016) as compared to 5.25% (provisional) for the previous month and -0.85% during the corresponding month of the previous year.
Consumer Price Index or retail inflation data is expected to be release today evening.