Mumbai: The BSE Sensex gained further. It was trading nearly at a high point of the day. All the BSE sectoral indices were trading in the green. Strong buying was seen in capital goods, IT, auto and banking stocks. The BSE broader indices midcap and smallcap were up 0.61 per cent and 0.77 per cent respectively.
Meanwhile, public sector bank Union Bank of India announced its second quarter results. Its net was up by 57 per cent at Rs 555 crore.
Trader Atul Suri is very bullish on the market. "I expect the Nifty to break lifetime high in the medium-term. I have technical target of 6,730 on the Nifty," he adds.
According to him, some spaces in the market like consumer space, FMCG, pharmaceutical space and autos are in a very sublime space.
The Sensex was up 155.97 points or 0.84 per cent at 18717.67, and the Nifty was up 44.80 points or 0.79 per cent at 5689.85.
About 1,548 shares advanced, 914 shares declined, and 995 shares were unchanged.
Top gainers on the Sensex were Bajaj Auto at Rs 1,890, up 2.44 per cent, L&T at Rs 1,670, up 2.38 per cent, Hero Motocorp at Rs 1,943.50, up 2.01 per cent, GAIL at Rs 352.25, up 1.91 per cent and M&M at Rs 916, up 1.90 per cent.
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