The Sensex provisionally settled above the psychological 28,000 mark after reclaiming that level in the opening trade. The Sensex hit its highest level in more than thirteen months in late trade. The Nifty hit its highest level in more than sixteen months in late trade. Nifty closed with a  gain of 137 points at 8,744, while BSE Sensex ended with a gain of 440 points at 28,343.

On the global front, Asian stocks closed on a mixed note. The Shanghai Composite index and Hong Kong’s Hang Seng index closed higher. Nikkei 225 closed in red.

In Europe, the FTSE 100 was trading up 0.31%. DAX and the CAC 40 were trading lower by 1% each.

Bharti Airtel dropped 3% after announcing up to 80% reduction in its 3G and 4G mobile data packs.

Maruti Suzuki India ended higher by 2.8% at Rs.5069 on the BSE. Maruti Suzuki India Limited, India’s leading passenger vehicle manufacturer, today launched the sporty, Swift Deca, a limited edition model of its most popular hatchback. A wide array of features including touch screen multimedia system with Bluetooth, exterior styling kit, sporty body graphics, football themed seat covers and interior styling kit make the Swift Deca even more attractive.

Ramky Infrastructure soared 4.5% to Rs.78.20 after winning NHAI contracts worth Rs.1,646 crore for developing two highway projects in Jharkhand.

Mandhana Industries shares locked up in upper circuit for seventh straight day, after rising by their maximum daily limit of 5%. Strong buying has been witnessed in Mandhana Industries since the textile company last week disclosed that it has finalised an agreement with actor Salman Khan’s ‘Being Human’ Foundation to sell products under the ‘Being Human’ brand.

eClerx Services erased all its early gains and closed lower on Tuesday as weak Q1 earnings and softer revenue and margin guidance weighed on its shares. eClerx shares had jumped as much as 10 per cent in the morning trade on share buyback approval.

Gujarat Mineral Development Corporation Ltd climbed 8.3% to Rs.98.15. The company reported a 56% growth in profit for the first quarter of financial year 2016-17.

The rupee was trading up 11 paise at 67.06 per US dollar.

Out of 1,534 stocks traded on the NSE, 520 declined and 925 advanced today.

Top 5 Nifty Gainers: Tata Motors (2.31%), Hero Motocorp (1.83%), Asian Paints (1.09%), CIPLA (0.86%) and ICICI Bank (0.62%).

Top 5 Nifty Losers: NTPC (-1.08%), TCS (-0.76%), ONGC (-0.66%), BHEL (-0.60%) and Infosys Ltd. (-0.49%)

To qualify NCFM Capital Market Dealers Module certification examination, register with Intelivisto.com and buy Capital Market comprehensive question bank which features mock test, chapter-wise and full length test as per NCFM standards. It also includes performance analysis tools to analyze the performance. For more information call on: +91-9582000102.

The key benchmark indices snapped a two-day losing streak on Monday. After opening on a flat note indices remained under pressure and slipped lower in the first half. However, as the day progressed, late bout of buying in the auto, capital goods, energy, metal, oil& gas, banking and finance stocks lifted the benchmarks. On the other hand, IT, realty, FMCG, teck and pharma stocks were under pressure. Nifty closed with a gain of 35 points at 8,607, while BSE Sensex ended with a gain of 120 points at 27,902.

On the global front, Asian stocks closed on mixed note. The Shanghai Composite index and Hong Kong’s Hang Seng index closed marginally lower. Nikkei 225 gained 2.3%.

In Europe, the FTSE 100 was trading up 0.31%. DAX and the CAC 40 were trading lower by 1% each.

Tata Motors soared 4.2% to Rs.525 on BSE. The company posted a net profit after tax, minority interest and share of profit of associates of Rs.2260.4 crore for the quarter ended June 30, 2016 as compared to Rs.5254.2 crore for the quarter ended June 30, 2015. Higher volumes in both standalone as well as Jaguar Land Rover (JLR) business was more than offset by the adverse foreign currency impact of Rs 2296 crore and adverse commodity derivatives impact of Rs 167 crore in the operating profit mainly in the Jaguar Land Rover business.

Indian Oil Corporation ended marginally down at Rs.572. The company posted a net profit of Rs.8269 crore for the quarter ended June 30, 2016 as compared to Rs.6590.8 crore for the quarter ended June 30, 2015.

Procter & Gamble Hygiene and Health Care slipped 1%. The company reported an increase of 2.2% in its net profit at Rs 109.40 crore for the quarter ended June 30, 2016.

Adani Enterprises closed higher by 1% at Rs.72.85 on the BSE after a federal court in Australia rejected challenge to its Carmichael mine.

Shree Renuka Sugars rallied 5.6% after creditors approved the reorganisation proposal put forward by its bankrupt Brazilian subsidiary, Renuka do Brasil S/A (RdB).

Pratibha Industries tumbled 4.8% to Rs.21.45 on the BSE. The company reported a consolidated net loss of Rs.30.15 crore for the quarter ended June 30 as compared to net profit of Rs.16.45 crore in the similar quarter of 2015-16.

Claris Lifesciences dropped 6.2%. The company received approval from the U.S. health regulator for generic Flumazenil injection used for reversal of the sedative effects of benzodiazepines in the America market.

GMR Infrastructure inched up 1.6% to Rs.13.30. GMR Airports Limited, a subsidiary of GMR Infrastructure Limited has won the competitive bid for development and operation of the Rs.3,000 crore Mopa Greenfield Airport in North Goa.

Alankit gained 2.6% to Rs.143.50 on BSE. Alankit Ltd has informed BSE that the Board of Directors of the Company approved the increase in Authorised Share Capital of the Company from Rs. 10 crores to Rs. 20 crore and issue of Bonus Shares in the proportion of 1:1.1, said a media report.

The rupee was trading down 11 paise at 67.16 per US dollar.

Out of 1,420 stocks traded on the NSE, 840 declined and 618 advanced today.

To qualify NCFM Capital Market Dealers Module certification examination, register with Intelivisto.com and buy Capital Market comprehensive question bank which features mock test, chapter-wise and full length test as per NCFM standards. It also includes performance analysis tools to analyze the performance. For more information call on: +91-9582000102.