Markets settle the day higher; Nifty ends above 8750

Key benchmark indices settled the day higher with Sensex settled above 28,300 led by IT and pharma stocks.  The BSE Sensex was up 145 points at 28,301, while the broader Nifty50 was ended at 8,778, up 53 points. The BSE Midcap and BSE Smallcap  rose 1.3% and 1.4%, respectively. 

Infosys, Maruti Suzuki, GAIL, Sun Pharma, Tata Steel, Aurobindo Pharma and Tata Motors (DVR) gained 2 to 4%, while Asian Paints, ITC, L&T, ICICI Bank, Coal India, Bharti Infratel, Bosch and BPCL were suffered. 

Asian markets surged to new 19-month highs led by strong US data, while the dollar came in for a bout of profit-taking after a recent bounce.

Posted in: Indian Market Tips