After trading on a negative terrain in most of the session Indian equity market bounce back at the late session and end the day with handsome gain. the broad-based index Nifty hold above the 8300 level and ended the day by plunging 38.50 points or 0.46% at 8323. Sensex also surged by 126.89 points and wrapped up the session at 27,585.27, up by 0.46%.

Coal India was the top Nifty loser, down 4.6 per cent on speculation that the government will soon come out with a date for 10 per cent stake sale in the PSU major.

In the Currency spot market, the rupee gained against dollar by 0.3% or 0.19 paisa and wrapped up the market at 62.14.

Among the sectoral indices CNX PSU BANK hold the baton and marched ahead of all gaining by 1.51%, chased by CNX IT (1.26%) and CNX FMCG (1.14%). While CNX METAL was the worst performer by plunging -1.69%.

Market breadth remained Negative at the close today as 738 stocks rose against 490 decline while 41 remained unchanged.

Out of 50 stocks of Nifty, 26 advanced, 23 declined and 1 remain unchanged.

Top Five Nifty gainers: INDUSIND led the Nifty Gainers list and registered 4.24% gain followed HUL (3.98%), TECH MAHINDRA (2.91%), L&T (2.18%) and HCL (1.91%).

Top Five Nifty Losers: COAL INDIA was the biggest loser and fell by -4.28% followed by CAIRN (-2.96%), HINDALCO (-2.58%), JINDAL STEEL (-2.52%) and BHARTI AIRTEL (-1.98%).

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