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The Indian stock market rallied for the second consecutive session ahead of IIP and inflation data to be released later in the day amid a firming trend overseas. The NSE Nifty closes above 8,500 mark for first time since August 2015.
Meanwhile, the strong likelihood of a GST Bill being passed in the monsoon session of Parliament, which starts on July 18, and hopes for a good start to the quarterly earnings season also boosted investor sentiment. Gains in share markets also tracked a rally in government bonds, as debt investors bet on benign inflation data later in the day and awaited the government's announcement on the next central bank governor.
Among the 51-stocks of Nifty, Adani Ports, Bank of Baroda, Tata Motors, Tata MotorsDVR, ICICI Bank and SBI were among the gainers on NSE, whereas HCL Tech, Axis Bank and IndusInd Bank were among the losers today.
Finally, the BSE Sensex ended with a gain of 181 points at 27,808. The BSE Sensex opened at 27,668 touched an intra-day high of 27,828 and low of 27,668. The NSE Nifty closed with a gain of 53 points at 8,521. The NSE Nifty opened at 8,503 hitting a high of 8,527 and low of 8,479.
The Indian stock markets opened higher on Tuesday for the second consecutive session. The NSE Nifty hits 8,500 for the first time since August 20, 2015. Both the indices hit fresh 11-month high. The S&P BSE Sensex is trading at 27,786 up 159 points, while NSE Nifty is trading at 8,511 up 44 points. The BSE Mid-cap Index is trading up 0.46% at 12,113, whereas BSE Small-cap Index is trading up 0.14% at 12,088.
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