Benchmark indices end in the green, Nifty crosses 11,500 mark, Sensex gains over 200 points

By Aamar Deo Singh, Head Advisory, Angel Broking Ltd

Indian indices ended higher in today’s session led by gains in the auto sector. Buying was seen in banks, energy, metal, and IT stocks apart from the auto sector.
Nifty went up by 0.67% or 77.35 points and closed at 11,549.60, while S&P BSE Sensex went up by 0.59% or 230.04 points and closed at 39,073.92.
Around 1105 shares declined, 1528 shares advanced, while 124 shares remained unchanged.
Tata Motors (8.89%), Hero MotoCorp (6.42%), IndusInd Bank (5.96%), Zee Entertainment (5.40%), and Reliance Industries (2.48%) were among top Nifty gainers, while Bharti Airtel (2.87%), UltraTech Cement (2.17%), Britannia Industries (1.64%), Asian Paints (1.51%), and Maruti Suzuki (1.31%) were top Nifty losers.
Except FMCG and pharma sectors, all the other sectors ended higher. BSE Midcap and BSE Smallcap rose by 0.38% and 0.69% respectively.

CG Power and Industrial Solutions Ltd.

The stocks of the company rose by 4.86% and traded at Rs.19.40 after around 2.29 crore shares of the company exchanged hands in nine consecutive trading sessions during the day.

Affle (India) Ltd.

The company received a contract from the Singapore Government. The project aims at building a digital and cloud-based commuter survey platform from LTA (Land Transport Authority). The stocks of the company surged by 5.00% and traded at Rs.2,941.40.

JMC Projects (India) Ltd.
JMC Projects bagged new orders worth Rs.554 crore that includes building projects in South India. The orders totaled to an amount of Rs.315 crore. The company also received a factory project in Maharashtra worth Rs.239 crore. As a result, the stocks of the company surged by 12.64% and traded at Rs.60.15.

Indiabulls Housing Finance Ltd.
The stocks of the company went up by 5.67% and traded at Rs.218.00 after the company announced timely payment of interest for its Non-Convertible Debentures issued earlier by the company.

VA Tech Wabag Ltd.
The company’s board approved its plan to raise capital of Rs.120 crore through preference issues of 75 lakh shares at Rs.160 per share which induced a negative sentiment among buyers. The stocks of the company tripped down by 6.18% and traded at Rs.213.30.