Commodity - Sensex was move upward 350 pts, Nifty hovers around 8200

Relief rally continued in today’s trade after renewed buy by FIIs seen for the second consecutive session yesterday. They net bought Rs 400 crore value of equity shares after selling almost Rs 17,000 crore worth of equities in previous 18 consecutive sessions.

The 30-share BSE Sensex was up 353.79 pts or 1.35 % at 26590.66 and the 50-share NSE Nifty gained 110.40 pts or 1.36 % at 8212.45. The broader markets also participated in the rally, up 1.3 % on strong breadth.

 About 4 shares advanced for every share falling on the BSE. 

Heavyweights ITC (up 2 %), Infosys (up 1.6 %), HDFC Bank (up 1.2 %), Reliance Industries (up 1.4 %) and HDFC (up 1.15 %) continued to support the market. 

Tata Motors surged over 3 % after solid JLR sales growth in China (up 42 %) and North America (up 20 %) in the month of November, though the fall in UK (down 13 %) and Europe (down 6 %) sales restricted overall retail sales growth to 2 % on yearly basis.

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