The Indian stock market ended with handsome gains ahead of the RBI policy review tomorrow. Indices extended their winning streak for the second consecutive trading session today amid positive global cues and firm rupee. The buying was so fierce that not a single sectoral index on the BSE ended with losses; realty, auto, consumer durables, oil & gas, capital goods, and finance stocks ended with top gains. Nifty closed with a gain of 127 points at 8,738, while BSE Sensex ended with a gain of 377 points at 28,243.

On the global front, Asian stocks closed higher. Hong Kong’s Hang Seng advanced 0.90%, China’s Shanghai Composite ended marginally higher, while Japan’s Nikkei gained 1.2%.

European stocks rose as markets eye developments on the Deutsche Bank settlement and Britain’s Brexit process. The FTSE 100 and DAX have gained 1% each, while the CAC 40 is up 0.31%.

Maruti Suzuki climbed 3.7% to Rs.5,682 on the BSE. The auto company posted a 29.4% growth in domestic sales at 137321 units last month on account of demand in the ongoing festive season.

Jain Irrigation Systems climbed 6.6% after the company secured an order worth Rs.284.43 cr under AMRUT Scheme (Atal Mission for Rejuvenation and Urban Transformation).

Adani Ports zoomed 3% to Rs.264.45 on the BSE. The Reserve Bank of India has today notified that Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs) can now invest up to 49% of the paid up capital of Adani Ports and Special Economic Zone Ltd under the Portfolio Investment Scheme (PIS). The purchases could be made through primary market and stock exchanges.

Kotak Mahindra Bank inched up 1%. The bank said it will acquire a 99.49% stake in BSS Microfinance Pvt. Ltd for Rs.139.2 cr.

Tata Motors advanced 1.1% on the company planning to increase prices of its passenger vehicles during the ongoing festive season to offset rising input cost. Tata Motors’ passenger and commercial vehicle sales (including exports) in September 2016 were at 48,648 vehicles, a growth of 8% month on month, over 45,215 vehicles sold in September 2015.

The rupee was trading up by 14 paise at 66.47 per US dollar.

Out of 1,445 stocks traded on the NSE, 135 declined and 1,279 advanced today.

Top 5 Nifty Gainers: Maruti Suzuki (3.61%), Hero MotoCorp (3.43%), Adani Ports & Sez (3.17%), Asian Paints (2.84%) and L&T (2.75%)

Top 5 Nifty Losers: TCS (-0.8a6%)

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The key benchmark swung between gains and losses but finally closed higher today. After opening on a flat note indices remained under pressure and slipped lower in the first half. Finally, a late bout of buying across realty, oil & gas, metal, industrial, auto, and energy and utilities stocks lifted the benchmarks although the FMCG counters continued to trade soft. Nifty closed with a gain of 20 points at 8,611, while BSE Sensex ended with a gain of 38 points at 27,866.

On the global front, Asian stocks fell today as the rally in oil prices subsided and growing worries about the European banking system hit financial shares.

China’s Shanghai Composite index inched up 0.23% to 3,005.51 after a private gauge of Chinese factory activity pointed to a modest expansion in September, adding to recent signs of stability. Hong Kong’s Hang Seng and Japan’s Nikkei slipped over 1.5% each.

European stocks are trading lower. The FTSE 100 is down 0.89% while the CAC 40 and DAX have tumbled 1% each.

Cipla dropped 3.4% after the company said the US health regulator issued four observations across three facilities in Goa.

Liquor stocks rallied on the BSE after the Patna HC struck down the Bihar Prohibition of Liquor Act, calling it illegal. United Spirits closed above 6%. United Breweries zoomed 2%.

Alkem Laboratories Ltd tanked 8% after the company received 13 observations from the US Food and Drug Administration (USFDA) after the regulator inspected its manufacturing facility at Daman.

Yes Bank gained 1.9% on its plans to raise up to Rs.2,500 cr by issuing long-term bonds on a private placement basis.

NHPC zoomed 3% after the company signed a power purchase pact with the Government of Rajasthan as well as Inox for a 50 MW wind power project in the state.

Sintex Industries jumped 7.4% to Rs.78 after the company said its board has approved demerger of custom moulding business and prefab business from its two arms Sintex BAPL and Sintex Infra Projects, respectively.

The rupee was trading up by 24 paise at 66.61 per US dollar.

Out of 1,421 stocks traded on the NSE, 1,186 declined and 215 advanced today.

Top 5 Nifty Gainers: Maruti Suzuki (3.72%), M&M (3.06%), Adani Ports & Sez (2.98%), Hero MotoCorp (2.65%) and Sun Pharma (2.34%)

Top 5 Nifty Losers: TCS (-0.66%), Infosys Ltd (-0.61%), Wipro (-0.24%) and ONGC (-0.10%)

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The Indian equity market closed with losses on Thursday erasing all its early gains. The market fell sharply after the Indian Army confirmed that it undertook surgical strikes across the Line of Control in Jammu and Kashmir at terror launchpads sending across a very strong message to Pakistan on Wednesday night. Nifty closed with a loss of 154 points at 8,591, while BSE Sensex ended with a loss of 465 points at 27,827.

On the global front, Asian shares closed higher. China’s Shanghai Composite and Hong Kong’s Hang Seng closed in the green, while Japan’s Nikkei jumped 1.4%.

In Europe, the FTSE 100 and CAC 40 were trading up by 1%. DAX is trading in the green.

Lupin tanked 3% to Rs.1,469 on the BSE. The pharma company received final approval for its Memantine Hydrochloride Extended-Release Capsules from the USFDA to market a generic version of Allergan’s Namenda XR Capsules.

Jaiprakash Associates tumbled 8% to Rs.10.23. Debt laden Jaiprakash Associates on Wednesday said it has received its shareholders’ approval to allow for conversion of its debt to equity stake in the company.

Kotak Mahindra Bank slipped 1.3% after ING Group NV’s selling a part of its stake in private sector bank – Kotak Mahindra Bank to raise up to $550 mn (Rs.3,654 cr) close to two years after exiting the business in India as it seeks to repatriate capital to its home market.

Hindustan Copper Ltd fell 5% after the company said in a notice to BSE that the government will sell a 7% stake in state-run miner Hindustan Copper Ltd through a two-day offer for sale (OFS) beginning Thursday.

The rupee was trading down 40 paise at 66.86 per US dollar.

Out of 1,487 stocks traded on the NSE, 1,389 declined and 74 advanced today.

Top 5 Nifty Gainers: GAIL (3.04%), M&M (1.42%), ONGC (1.37%), BHEL (1.09%) and SBI (1.05%)

Top 5 Nifty Losers: CIPLA (-4.66%), Coal India (-2.15%), Bharti Airtel (-1.79%), Dr. Reddys Lab (-1.08%) and Adani Ports & Sez (-1.07%)

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