The S&P BSE Sensex ended 170 points higher, while broader CNX Nifty topped its crucial psychological level of 7,700 on Tuesday ahead of US Federal Reserve's two-day policy meeting which will kick off later tonight.
Market rose after oil explorers like Reliance Industries gained tracking a rise in crude oil prices after a slump to near 11-year lows in the previous session triggered investors' buying appetite.
The 30-share index ended the day 25,320.44, up 170.09 points, while broad-based 50-share index closed at 7,700.90, up 50.85 points.
Market breadth turned positive with 18 of the 30 Sensex components ending the day in green.
Here are top 5 stocks that remained in focus today:
- Sun Pharma: Drug major Sun Pharma said it has sold its manufacturing unit in Ohio to Nostrum Laboratories Inc for an undisclosed sum as part of the company's consolidation of manufacturing business in the US.The stock ended flat after gaining 1.67 per cent intraday.
- ICICI Bank: The stock of ICICI Bank ended 1.04 per cent lower on worries that a widely anticipated US interest rate hike by the Federal Reserve may prompt the Reserve Bank of India to keep key interest rate unchanged for longer.
- Tata Motors: Tata Motors shares added 2 per cent after the company said it will hike price of its entire passenger vehicle model range by up to Rs 20,000 from January.
- Tech Mahindra: Shares of IT firm Tech Mahindra tumbled 4.18 per cent, while those of Mahindra & Mahindra ended flat after gaining over 1 per cent as Mahindra group announced it will acquire Italian automotive and industrial design firm Pininfarina for an overall outgo of over 50 million Euros (nearly Rs 370 crore).
- Hotel Leelaventure: Hospitality chain Hotel Leelaventure's shares gained 2.72 per cent after the company said it has completed the Rs 725-crore sale of its Goa property to Ceres Hotels.
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