Sensex, Nifty extend rally; Ambuja, UltraTech Cement surge

The market extended rally in afternoon trade with the Sensex rising 194.69 points to 25147.43. The Nifty is inching closer to 7700, up 55.80 points to 7660.15 led by buying in FMCG, banking & financials and oil stocks.

The market breadth was positive as about 1357 shares advanced against 1173 declining shares on the Bombay Stock Exchange.

Ambuja Cements, UltraTech Cement, Bharti Airtel, Punjab National Bank, ACC, SBI, Tata Motors and HUL topped buying list, up 2-5 percent while Lupin, Hero Motocorp, BHEL, Asian Paints and Wipro were down 1-2 percent.

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Posted in: Indian Market Tips