Sensex, Nifty strong; Lupin extends rally on Q3, GAIL drags

The market continued to see buying interest with the Sensex rising 182.66 points to 24521.09 and the Nifty up 58.10 points to 7462.10. About 1378 shares advanced against 1106 declining shares on the BSE.

SpiceJet, Tata Steel, Jet Airways, Trent, Eicher Motors, ICICI Bank and Maruti Suzuki were most active shares on exchanges.

Lupin rallied 5 percent following better-than-expected earnings in Q3. Tata Motors, Axis Bank, SBI, Hero Motocorp, Cipla and Hindalo surged 2-3 percent while Adani Ports, GAIL and Maruti were down 2-4 percent.

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Posted in: Indian Market Tips