Nifty inches towards 8350, Sensex strong; Mahanagar Gas up 30%

Equity benchmarks rallied for the fifth consecutive session today with the Nifty inching towards 8350 level, tracking positive global cues.
The Sensex rose 183.79 points or 0.68 percent to 27183.51 and the Nifty climbed 53 points or 0.64 percent to 8340.75. The broader markets outperformed benchmarks with the BSE Midcap and Smallcap indices rising 0.8-0.9 percent.
About 1351 shares advanced against 500 declining shares on Bombay Stock Exchange.
Mahanagar Gas jumped 30% to Rs 547.30 against issue price of Rs 421 on debut.



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