Bulls continued to keep tight control over Dalal Street for third day in a row. Healthcare, technology, infra, metals, HDFC group and select auto stocks supported while select banks were under pressure.
The 30-share BSE Sensex rose 226.67 points or 0.93 percent to 24469.65 and the 50-share NSE Nifty climbed 62.25 points or 0.84 percent to 7431.10. The market breadth too remained positive as about 1366 shares advanced against 918 declining shares on the BSE.
ONGC gained nearly 2 percent and Reliance Industries rose almost a percent after a media report suggested that the government is planning to raise natural gas price by about 60 percent for their undeveloped gas discoveries in difficult areas.
Tata Motors extended rally to 5 percent on February sales data. Jaguar Land Rover sales increased 25.3 percent year-on-year to 7,929 units in February, majorly supported by Land Rover that grew by 30.5 percent to 6,417 units.
L&T, Adani Ports, Dr Reddy’s Labs, Tata Steel, Bharti Airtel, ONGC, Hindalco Industries and BHEL rallied 2-5 percent while ICICI Bank fell1 percent.
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