04:34
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Equity benchmarks extended rally in afternoon trade with the Nifty climbing above 8250 level and the Sensex inching towards 27000 on strong upside European markets.
The Sensex gained 178.51 points or 0.67 percent at 26944.16 and the Nifty rose 50.20 points or 0.61 percent to 8253.90.
European stocks traded higher with investors remaining cautious as UK voters go to the polls for a referendum on European Union (EU) membership. France’s CAC, Germany’s DAX and Britain’s FTSE were up 0.8 percent each.
ITC, HDFC Bank, Tata Motors, SBI, Sun Pharma, Lupin and Dr Reddy’s Labs gained 1.5-3 percent while NTPC fell over 2.5 percent.
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Posted in: Indian Market Tips
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