Nifty closed at 5896.75, up by 216.35 points - Microsec

Indian markets witnessed a stellar rally on Tuesday as August trade deficit narrowed to USD 10.9 billion and on reports that the US may not strike Syria. The gain in rupee also supported the market rally.

Nifty closed at 5896.75 up by 216.35 points or 3.81% over the previous day closing of 5448.10 after witnessing a low of 5738.20 and a high of 5904.85. Sensex closed at 19997.10 up by 727.04 points or 3.77% over the previous day closing of 19270.06.It touched an intraday low of 19444.66 and high of 20012.69.

The markets' breadth was positive. Out of 2474 stocks traded 1506 stocks advanced, 832 stocks declined and 136 stocks remained unchanged. In Sensex, Out of 30 stocks 27 stocks advanced and 03 stocks declined.

Among the sectors, BSE Auto, BSE Capital Goods and BSE FMCG were the main gainers of the day which increased by 5.98%, 5.50% and 5.30% respectively.

In BSE Auto sector Tata Motors, Hero Motocorp, and M&M increased by 9.88%,7.22% and 5.42% respectively. In BSE Capital Goods sector ABB ltd, Siemens, and L&T advanced by 17.43% 7.64% and 7.11% respectively. In BSE FMCG sector GSK cons, United Brew and ITC increased by 11.78% 7.78% and 6.07% respectively.

Source : Equity Bulls

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