Top gainers, losers today: NTPC, JSW Steel, Nestle, UltraTech Cement among most active stocks today; check full list
Nifty settled higher on the first session of September, boosted by all-around buying in light of broadly positive global cues ahead of the release of the US jobs data as well as strong domestic macro data. Government data released on Thursday showed that the Indian economy grew 7.8 per cent in the June quarter, mainly on the back of double-digit expansion in the services sector, and retained its position as the world's fastest-growing major economy.
Gains in US futures supported the positive sentiment. Dow futures was up 0.3 per cent and S&P 500 futures rose 0.2 per cent.
Among Asian markets, Japan's benchmark Nikkei 225 rose 0.3 per cent, South Korea's Kospi added 0.3 per cent and the Shanghai Composite added 0.4 per cent. Sensex closed 556 points, or 0.86 per cent, higher at 65,387.16 while the Nifty closed the day with a gain of 182 points, or 0.94 per cent, at 19,435.30.
The indices gained 0.88 per cent and 0.77 per cent, respectively for the week after having logged losses in each of the past five weeks since hitting record highs on July 20. BSE Midcap and Smallcap indices hit their fresh record highs of 31,461.26 and 37,460.24 respectively during the session.
Commenting on today's market performance, Vinod Nair, Head of Research at Geojit Financial Services said, ‘’Domestic markets made significant gains, buoyed by favourable global cues, a higher-than-expected domestic manufacturing PMI, and positive GDP growth data. This robust economic outlook propelled key manufacturing sectors to lead the rally, while strong sales figures generated increased interest in auto stocks.'' Top gainers: NTPC (4.84%), JSW Steel (3.37%), Tata Steel (3.33%), Maruti Suzuki (3.24%), and Power Grid Corporation (3.07%) Top losers:
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