Indian markets settled higher on Tuesday led by sharp gains in realty, power and metal stocks. At the close, the benchmark 30-share index, BSE Sensex gained 145.80 points or 0.55% at 26,575.65 with 21 components posting rise. Meanwhile, the broad based NSE Nifty went up by 48.35 points or 0.61% at 7,927.75 with 36 components posting rise.
The Realty index climbed the most with a gain of 2.63% followed by Power (2.55%) and Metal (1.71%). On the other hand Oil & Gas dropped by 0.77%. GAIL, SSTL, BHEL and Wipro were major gainers in the Sensex pack. On the other hand, ONGC, M&M, Coal India and Infosys were the top losers in the benchmark index.
Overall market breadth was negative with 1,507 advances against 1,351 declines.
Shares of Stone India, Jindal Steel & Power, BGR Energy, Financial Technologies, Punjab National Bank and Coal India were active in day's trade. Shares of Stone India witnessed a sharp rise of 12.09% today after the company bagged first export order for its proprietary brake system from Chinese freight car builder.
Shares of JSPL witnessed a rise of 7.46% today after the company has given clarification on coal blocks.
Shares of BGR Energy Systems witnessed a rise of 4.22% after it has received orders worth Rs 2.50 billion in the electrical sub-stations segment of its electrical projects division.
Whereas shares of Financial Technologies (India) witnessed a sharp fall of 20% after government order to merger scam it subsidiary National Spot Exchange (NSEL) with the company.
Shares of Punjab National Bank witnessed a fall of 2.60% after the bank reported a growth of 13.86% in net profit on year-on-year basis to Rs 5.75 billion for the quarter ended Sep. 30, 2014. Total income increased by 11.93% to Rs 124.98 billion for the quarter ended Sep. 30, 2014 as compared to Rs 130.20 billion in the same period last year.
Shares of Coal India registered a fall of 1.57% after Finance Minister Arun Jaitley said the government will pass ordinance to allow commercial players in coal mining business without giving a timeline.
