Indian equity market continued its bull run after starting a week on positive in previous session led by buying on metal, banking and FMCG stocks. Front line index Nifty hits a fresh high of 8707 in today’s trade. Nifty ended the day at at 8,695.60 surging by 144.90 points or 1.69% while Sensex also hits its new high of 28,826.50. BSE index rose 522.66 points or 1.85% and wrapped up the session at 28,784.67. Tracking the momentum, as much as 87 stocks rose to their fresh 52-week highs on the National stock Exchange.

Shares of Sesa Sterlite soars on the report that the company may soon restart mining in Goa where it holds significant number of iron ore mines, Awaited for environment clearances.

The rupee traded flat to marginally lower as the dollar strengthened overseas. The rupee slipped from a two-month high , ended at 61.72 against a close of 61.71 yesterday.

Among the sectorial indices CNX METAL (3.06%) was the biggest gainer followed by CNX FINANCE (2.46%) and BANK NIFTY (1.86%). All other indices ended in green terrain.

Market breath of NSE remain positive for the day with 693 positve, 542 negative and 35 remian unchanged.

Out of 50 stocks of Nifty 37 ended in green and 13 in red.

Top 5 Nifty Gainers: Sesagoa Sterlite (5.88%), HDFC (5.78%), Tata Steel (4.74%), Axis Bank (4.39%) and Tata Motors (3.98%).

Top 5 Nifty Losers: GAIL (-2.62%), Tata Power (-1.15%), Dr Reddy (-0.72%), Powergrid (-0.64%) and Maruti (-0.57%).

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