FMCG, telecom and energy indices rose over 1 percent each while capital goods, auto, and metal indices saw a bit of profit-taking
Ritesh Ashar of KIFS Trade Capital is bullish on the market and expect the Nifty to climb 11760 levels.
Chandan Taparia of Motilal Oswal Financial Services said the index is all set to hit fresh life highs of 11760 by 8-10 weeks or by May-end.
Experts said it is now advisable to look at stocks which are displaying signs of a breakout.
Yogesh Mehta of Motilal Oswal Securities said when the market moves from strong disappointment to optimism, retail investors should watch out for the stocks that they pick for their portfolio
The market has been moving in one direction and that is up so far in March. The SP BSE Sensex has already rallied 1668 points while Nifty surged 509 points in the same period.
The SP BSE Sensex closed above 37000 for the first time since September 19, 2018, while Nifty50 reclaimed 11,100 levels for the first time since September 21.
On a weekly basis, Nifty50 closed with gains of 1.5 percent while the Sensex rallied over 600 points or 1.6 percent.
IT stocks succumbed to selling pressure for yet another day as the rupee hit a 2-month high. Wipro was down 3 percent, while Infosys and Tech Mahindra shed a little over 1 percent each.
Vishal Malkan, Founder Malkans View said it might be early to say that the pre-election rally has started but one thing is certain that March expiry will be better than February.
Ashish Chaturmohta of Sanctum Wealth Management said once we see a sustainable move above 11,000, it could trigger short coverings in the market thanks to huge Put Writing seen around 11,000-11,200.
In February market was weighed down by Indo-Pak tension, trade war concerns, the rise in crude oil prices, concerns regarding lenders selling pledge shares, weak GDP data as well as mixed earnings from India Inc.
The broader markets closed strong. All sectoral indices ended in the green.
Options band signifies a broader trading range of the March series in between 10585 to 11118 zones and requires a range breakout to start the next leg of the rally, suggest experts.
The total investment is likely to be completed by April, 2019.
The company#39;s stake in Datamatics Digital has increased to 81.1 percent
The project will be developed on 11.76 acres of land owned by the joint venture company.
The said patent is valid till June 10, 2029
The top Nifty gainers included Indiabulls Housing Finnace, Infosys, Wipro, Hindalco Industries and Vedanta while the top losers included Zee Entertainment, IOC, HPCL, BPCL, ONGC
Eicher Motors was trading with volumes of 68,906 shares, compared to its five day average of 3,259 shares, an increase of 2,014.20 percent
The breadth of the market favoured the advances with 920 stocks advancing and 821 declining while 348 remained unchanged. On the BSE, 1307 stocks advanced, 1,302 declined and 182 remained unchanged.
Etihad Airways PJSC owns 24 percent stake in Jet Airways.
The capacity of the cob drying facility is 1,456 Mt per cycle which is distributed across 36 Bins.
Civil Aviation Minister Suresh Prabhu on Tuesday directed his ministry#39;s secretary to hold an emergency meeting on Jet Airways massively cancelling flights after grounding of a large part of its fleet.
The breadth of the market favoured the advances with 947 stocks advancing and 760 declining while 379 remained unchanged. On the BSE, 1295 stocks advanced, 1133 declined and 160 remained unchanged.
Mandatory long-term third-party insurance and increasing acquisition costs on new safety norms and stricter Bharat Stage VI emission norms also plagued the stock performance.
There were pending buy orders of 1,059,544 shares, with no sellers available
JM Financial expects Chalet to report an EBITDA CAGR of 21 percent over FY18-21E