The market is in high spirits with the benchmark indices continuing to hold its early gains. The Sensex is up 374.56 points or 1.5 percent at 25603.06, and the Nifty is up 107.75 points or 1.4 percent at 7841.20. About 1507 shares have advanced, 652 shares declined, and 107 shares are unchanged.
Auto, banks, infra, FMCG and IT stocks are in buyers’ radar. ICICI Bank, L&T, HDFC, Bajaj Auto and ITC are top gainers while Dr Reddy’s and Cipla are losers in the Sensex.
Meanwhile, domestic passenger car sales increased 1.87 percent to 1,62,566 units in April as against 1,59,588 units in the year-ago period. Motorcycle sales last month rose by 16.24 percent to 10,24,926 units from 8,81,743 units a year earlier, according to data released by the Society of Indian Automobile Manufacturers (SIAM). Total two-wheeler
sales in April rose 21.23 per cent to 15,60,339 units. Sales of commercial vehicles rose 17.36 percent to 53,835 units in April, SIAM said. Vehicle sales across categories registered an increase of 20.04 percent to 19,00,879 units from 15,83,582 units in April last year.