Sensex ends over 215 points; 7th Pay commission boost consumer stocks
BSE Sensex ended 215 points up at 26,740.39. During the second half trading session the market was boosted by government announcing 7th Pay Commission to hike 23.5% salaries and allowance of government employees. The index was positive with 25 advances and 5 declines. Total turnover stood at Rs. 287.59 crore with volume of 5,604,591. Hero Moto Corp was top gainer surging by 3.55% at Rs. 3,133.
Auto stock are currently trading as the top gainer of BSE index. The index has soared 261 points or 1.37% at 19,446.04. All auto stocks are positive with Bosch surging 5.06% at Rs. 22,614.35, Cummins India at Rs. 825.15 up 2.18%. While Hero Motocorp and Amara Raja Batteries both were trading 2% up at Rs. 3,086 and Rs. 878.60. Tata Motors were marginally up at Rs. 447.30.
Nifty Bank was trading at 17,597.10 up 35 points or 0.20%. All banking stocks gained with Bank of India being among the top gainer for three consecutive days. The script of Bank of India was marginally up at Rs. 101. It opened unchanged from its previous closing of Rs. 100.