Nifty closes above 8,400; M&M gains over 4%; what top experts say

NEW DELHI: The 30-stock benchmark Sensex ended the day at 27,828.44; up 321.73 points.

The broader 50-share Nifty closed above the crucial mark of 8,400 @ 8,433.65; up 114.65 points.

26 of the Sensex stocks ended the day in green. Sectorally, auto index was the top gainer, up 1.8%.

Airtel and M&M were the top gainers on Sensex, closing with gains of about 4%.
Value buying, hopes of a rate cut from RBI on June 2 are said to the top reasons why Indian markets were on a roll today.

BUZZING STOCKS

Spicejet rallied 12 per cent intraday after ​reporting net profit of Rs 22.5 crore for the Q4 of the current fiscal year. Read here

Rupa gained another 10 per cent, up 90 per cent in 7 days. Read Here

Wockhardt recoverd after losing as much as 7.3 per cent intraday. Read Here

Adani Enterprises dropped by 7 per cent intraday, extends losses. Read Here

Airtel surged over 6 per cent intraday on Vodafone stake sale. Read Here

MARKETS THROUGH THE DAY

Markets @ 3:00

Sensex: 27,809, up 302 points, Nifty: 8,427, up 108 points

Top Gainers

BHARTI AIRTEL (7.9%), M&M (4.5%), GAIL (3.5%), COAL INDIA (2.5%), MARUTI SUZUKI (2.2%)

Top Losers

HINDALCO (-1.5%), VEDANTA (-0.7%), BHEL (-0.6%), TCS (-0.0%)

Markets @ 2:00

Sensex: 27,727, up 220 points, Nifty: 8,395, up 76 points

Top Gainers

BHARTI AIRTEL (3.5%), COAL INDIA (2.2%), GAIL (2.1%), SUN PHARMA (2.0%), MARUTI SUZUKI (1.7%)

Top Losers

VEDANTA (-1.2%), BHEL (-1.2%), ONGC (-1.2%), HINDALCO (-0.9%), HDFC (-0.5%)

Markets @ 1:00

Sensex: 27,792, up 286 points, Nifty: 8,412, up 93 points

Top Gainers

BHARTI AIRTEL (2.9%), SUN PHARMA (2.2%), L&T (2.2%), MARUTI SUZUKI (2.0%), COAL INDIA (1.9%),

Top Losers

ONGC (-1.5%),VEDANTA (-0.6%) BHEL (-0.3%)

Markets @ 12:00

Sensex: 27,805, up 299 points, Nifty: 8,412, up 93 points

Top Gainers

BHARTI AIRTEL (2.5%), COAL INDIA (2.1%), CIPLA (2.0%), MARUTI SUZUKI (1.9%), WIPRO (1.8%)

Top Losers

ONGC (-1.5%), BHEL (-0.8%)

Markets @ 11:00

Sensex: 27,811, up 305 points, Nifty: 8,413, up 94 points

Top Gainers

BHARTI AIRTEL (3.5%), COAL INDIA (2.3%), CIPLA (1.9%), SUN PHARMA (1.7%), MARUTI SUZUKI (1.6%)

Top Losers

ONGC (-1.3%), BHEL (-0.7%), HINDALCO (-0.0%), GAIL (-0.0%),

Markets @ 10:00

Sensex: 27,617, up 111 points, Nifty: 8,354, up 36 points

Top Gainers

SUN PHARMA (1.4%), BHARTI AIRTEL (1.3%), CIPLA (1.0%), COAL INDIA (1.0%), SBI (0.9%)

Top Losers

ONGC (-1.8%), BHEL (-1.6%) GAIL (-0.9%), DR. REDDYS LAB (-0.7%), M&M (-0.6%)