Market At Close | Sensex, Nifty50 welcome New Year with strong gains
Here are some highlights:
–Sharp uptick in ICICI Bank, HDFC Bank lead Nifty Bank above 200-day moving average
–Midcap index starts year with 1.1% gain
–Federal Bank top midcap gainer after lender reports 12% YoY loan growth in Q3
–Reliance, financial stocks lead rally on Nifty; only 6 Nifty stocks in the red
–Eicher Motors top index gainer after Royal Enfield sales jump in December
–Nalco rises 2%; management says Q3 results to beat Q2 performance
–Ashok Leyland above 200-day moving average; medium, heavy commercial vehicle sales rise 11% in December
–RBL Bank rises 5% after sharp decline last week
–Barring Nifty Pharma, all sectoral indices in the green
–Market breadth favours bulls; 3 stocks in the green today for one in the red
