Sensex holds 27000 amid consolidation; Tata Motors most active

The market continued to be in tight range above 27000 level after pricing in RBI policy and Federal Reserve c hairperson Janet Yellen’s comments in previous session.

The Sensex rose 35.48 points to 27045.15 and the Nifty advanced 3.20 points to 8269.65. The broader markets marginally outperformed benchmarks, rising 0.3 percent as about 1032 shares advanced against 632 declining shares on Bombay Stock Exchange.

Tata Motors was the most active stock on BSE after brokerages maintained overweight rating on the stock, saying Jaguar F-Pace, XF & XJ and Discovery Sport will drive further growth.

Astra Microwave, SpiceJet, SBI, Ujjivan Financial, Infosys and L&T were other most active shares.

Bharti Airtel rallied 2.5 percent after telecom commission stuck to a 3 percent spectrum usage charge (SUC) on future spectrum across all spectrum bands

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Posted in: Indian Market Tips