Equity benchmarks continued to be on strong footing
supported by banking & financials, PSU, oil & gas and capital goods
stocks. The Sensex rose 408.60 points or
1.69 percent to 24625.94 and the Nifty climbed 118.95 points or 1.65 percent to
7348.90. Advancing shares outnumbered declining ones by a ratio
of 1860 to 1033 on the BSE.
Bank Nifty gained 421 points to 15214 as top lenders
State Bank of India, ICICI Bank, HDFC Bank and Axis Bank rallied 3-4 percent.
Housing finance company HDFC jumped nearly 3 percent.
TVS Motors
Company gains 2% India's third largest two-wheeler maker (listed) TVS
Motor Company sold 2.1 lakh units in May, a growth of 27 percent compared to
the year-ago period with the exports rising 42 percent year-on-year to 34,623
units.
Hero Motocorp gains 1% Hero
MotoCorp, India's largest maker of motorcycles and scooters, said its
May sales rose 8 percent from a year earlier to 6,02,481 units. The May figures
were up from 571,054 units in April and 557,890 units in May 2013. Since its
2011 split from Japan's Honda Motor Co, Hero has been investing heavily in
technology to develop new bikes and increasing its push into overseas markets,
reports Reuters.
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