Sensex holds 200 pts gains; metals shine, oil marketing cos dip

The market retained its strong uptrend in afternoon after better-than-expected Q3 GDP data, supported by banking & financials, metals, technology, FMCG and pharma stocks.

The 30-share BSE Sensex was up 218.67 points at 28961.99 and the 50-share NSE Nifty gained 59.55 points at 8939.15 but the gap in advances and declines narrowed.

Currently about three shares advanced for every two shares declining on the BSE against the morning ratio of four shares gained for every share falling.

The Nifty Realty gained the most among sectoral indices, up 3.8 percent followed by Metal with 2 percent upside. FMCG, Pharma and Bank indices also gained around a percent each.

Tata Steel, Hindalco, HDFC, Sun Pharma, Dr Reddy's Labs and Kotak Mahindra Bank were top gainers on Sensex and Nifty, up 2-4 percent. However, Tata Motors was biggest loser, down over a percent ahead of February sales data.

Oil retailers were under pressure, with IOC, HPCL and BPCL falling 1-4 percent.

Markets in Europe were higher as investors focused on earnings and fresh data releases and digested President Donald Trump's address to Congress. France's CAC, Germany's DAX and Britain's FTSE gained 0.6-1 percent. Asia ended mostly higher today.

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