Sensex, Nifty strong; TCS rises further, Axis & ICICI slip

epic_research

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The market remained strong aided by technology, FMCG, capital goods, auto and select oil stocks. The Sensex jumped 195.60 points to 28712.19 and the Nifty advanced 49.45 points to 8709.75.

Coal India rallied 5 percent after the government removed the cap on e-auction sales volumes. Reliance Industries and TCS extended uptrend to 3.5 percent and 2.5 percent, respectively.

Dr Reddy’s Labs gained 2 percent as the company and its subsidiaries filed 3 new drug applications with the US drug regulator FDA. ITC, Infosys, Bharti Airtel, Cipla, GAIL and BHEL advanced 1 percent each whereas HDFC, Axis Bank, ONGC and Hero Motocorp fell 1-2 percent. Sun Pharma, ICICI Bank and NTPC slipped over 0.5 percent.
 
 
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