Sensex, Nifty extend rally; Motherson Sumi gains 7%, SBI falls

Motherson Sumi Systems rallied 7 percent after the company reported quarterly revenue of more than Rs 10,000 crore for the first time in history. Profit and operating profit beat analysts’ expectations, rising 21.6 percent and 13 percent YoY, respectively.
The Sensex rose 223.63 points or 0.87 percent to 25876.86 and the Nifty jumped 65.85 points or 0.84 percent to 7926.60. About 1374 shares advanced against 978 declining shares on BSE.

Stock Market Update-Sai Proficient
Stock Market Update-Sai Proficient

ONGC (4.3 percent), Axis Bank (3.1 percent), HDFC (3.1 percent) and M&M (2.3 percent) were the top gainers in Nifty. Among the losers were NTPC (-1.7 percent), HUL (-1.4 percent), Adani Ports (-0.8 percent) and Bharti Airtel (-0.4 percent).

In sectoral performance as reflected by the respective indices, oil & gas (1.7 percent), capital goods (1.4 percent), auto (1.1 percent) and consumer durables (0.8 percent) gained, while power (-0.3 percent) were under pressure.

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