Nifty Closed 25 points and Sensex closed gain at 118 points

Nifty closed with a gain of 25.45 points after hitting a new high of 6861.60. It opened on a positive note at 6823.25 against the previous close of 6815.35. It made a high of 6861.60 and low of 6820.75 before closing at 6840.80 with a gain of 25.45 points.

Sensex closed with a gain of 118 points after hitting a new high of 22913. It opened on a positive note at 22784 against the previous close of 22758. It made a high of 22913 and low of 22780 before closing at 22876 with a gain of 118 points.

The market sentiment was boosted by data showing that foreign funds remained net buyers in equity to the tune of Rs 163 crore on Tuesday. Cement stocks witnessed a mixed trend on BSE. Holcim - owned Ambuja Cements hit a 52 week high of Rs 220, but gave up some gains to close at Rs 219. UltraTech cement, which will be announcing financial results after market hours, fell one percent to Rs 2170.
Cairn India dropped three percent to Rs 352 ahead of its financial results which will be announced after market hours. M&M gained one percent after the company’s agriculture division signed a joint venture agreement with HZPC of Holland to source best quality potato seed for Indian farmers. The Holland based company is one of the leading innovative companies in the world in potato breeding, seed potato growing and seed potato trading. While Mahindra will hold 60 % stake, the rest will be held by HZPC.

The major Gainers were Mangalore Refinery (16%), Future Retail (6%), Mother son Sumi (5%), Prestige Estates (5%), Shriram Trans (4%), Bata India (4%), Bharti Infratel (3%)and Bank of Baroda (3%).Prominent losers were Financial Tech (-5%), Biocon (-4%), Cairn India(-3%), Muthoot Finance (-3%), DLF (-3%), IRB Infra (-3%), JP Infratech (-3%) and Idea Cellular (-3%).
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