Sensex ends up 259 points; Nifty at 8,288 mark; Banking stock gainers

NSE Nifty closed at 8,287.75 up 84 points or 1.02%. It was positive with 44 advances and 7 declines. BHEL was top gainer at Rs. 127.05 up 4.18%. 

Sensex trading at 27,070 level during the afternoon session. The 30-stock script ended at 27,000 up 259 points. It was positive with 27 advances and 3 declines. Total turnover stood at Rs. 371.25 crore with volume of 6,831,656.

Rupee depreciated by 0.171 points or 0.25% at 67.565 against USD dollar. 

After facing pressure from Brexit, Auto stocks have just stunned the Indian market. Volatility has been healthy led by positive views on Indian economy and upcoming opportunities from 7th Pay Commission. The auto index was trading at 19,707.07 up 234.06 points. It opened 150 points above at 19,615.49 from its previous closing of 19,473.01. The companies having their operations in UK were among the top gainers, involving Motherson Sumi at Rs. 285.85 up 3.16% and Tata Motors jumping by 2.48% at Rs. 458.20. Hero Motocorp, Bajaj Auto and Maruti Suzuki were all trading marginally up at Rs. 3,185.50, Rs. 2,678.05 and Rs. 4,175.55. 

Banking stocks were major gainers after 7th Pay Commission announcement. Private banks were on top spot with Axis Bank trading at Rs.531.95 up 2.82%, followed by Yes Bank at Rs. 1,101.15 surging 2.58%, ICICI Bank gaining 1.90% at Rs. 241. Federal Bank and Kotak Mahindra Bank both trading marginally up at Rs. 57.20 and Rs. 763.50 respectively. Key PSUs were also positive involving State Bank of India, Punjab National Bank and Bank of Baroda trading in the range of 0.45% - 1.20%. 

NSE Nifty above 8,250 mark 

The CAC 40 is higher by 0.31%, while the FTSE 100 is leading the DAX lower. They are down 0.15% and 0.13% respectively.

Asian markets finished mixed as of the most recent closing prices. The Hang Seng gained 1.81% and the Nikkei 225 rose 0.06%. The Shanghai Composite lost 0.07%.

European markets are lower today with shares in Germany off the most. The DAX is down 0.85% while France's CAC 40 is off 0.57% and London's FTSE 100 is lower by 0.48%.

Nifty Bank surged 150 points at 17,840.45 post 7th Pay commission announcement. Axis Bank was top gainer by trading at Rs. 529.85 up 2.32%. 

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Shares in Hong Kong are positive with Hang Seng gaining 1.17%. The stock markets in Tokyo and Shanghai are closed at this time.

At 13.06 pm, Sensex was above 150 points at 26,893.17, while Nifty was around 8,247.25 up 48.25 points. 

Market strong ahead of June expiry. 

Commodity Round up: