Bulls party on Dalal Street: Banks, auto lift Sensex 480 pts

Bulls kept complete control over Dalal Street as the Sensex rallied 479.09 points or 1.77 percent to 27605.99 and the Nifty climbed 138.90 points or 1.67 percent to 8462.10. Bank, infra, oil and auto stocks led the market higher.

The market breadth remained positive as about 1742 shares advanced against 891 declining shares on the Bombay Stock Exchange.

ICICI Bank, HDFC Bank, HDFC, Tata Motors, L&T, SBI, Adani Ports, Maruti Suzuki and Hero Motocorp gained 2-4 percent while Axis Bank turned lower.

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Posted in: Indian Market Tips