Nifty closes near intraday record high, Aurobindo Pharma top Nifty gainer

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NSE Nifty closed at 9624 up by 19 points, whereas BSE Sensex closed higher by 50 points at 31159.

BSE Mid-cap index closed higher by 0.83% at 14489. BSE Small-cap index closed higher by 0.46% at 14924. India VIX closed lower by 0.19% at 11.7 level.

Aurobindo Pharma, Adani Ports, Bank of Baroda, NTPC, Tech Mahindra and ICICI Bank are the top Nifty gainers, whereas Power Grid, BPCL, Bharti Infratel, ITC, IndusInd Bank, HDFC and TCS are the top Nifty losers.

The heavyweight auto stocks sizzled on the bourses on Tuesday. Maruti Suzuki India and Motherson Sumi hit their respective 52-week high. Maruti Suzuki hit its 52-week high of Rs 7200 per share and was one of the major contributors to the BSE Metal index. On the other hand, Motherson Sumi Systems Limited hit its 52-week high of Rs 452.55 per share on the BSE.

The fertiliser stocks have been gaining ground on the bourses as India braces for the monsoon. The monsoon is expected to arrive over the Indian mainland on June 1. With the expectations of normal rainfall in the year 2017, investors are choosing to buy the fertiliser stocks. Zuari Agro Chemicals closed at Rs 407 per share higher by 1.8%; Coromandel Agro Products closed higher by 4.8% at Rs 2.58 per share; Mangalore Chemicals closed higher by 11.5% at Rs 77 per share.

The Nifty pharma index closed in positive territory snapping the fall in past ten trading sessions. The pharmaceutical stocks traded in green territory throughout the day. Aurobindo Pharma was the star performer of the day. It closed at Rs 582 per share up by 13.5%. Piramal Enterprises closed higher by 3.9% at Rs 2749.95 per share, Cadila Healthcare closed at Rs 472.50 per share, up by 3.6%.

Hindalco, Mahindra & Mahindra, Ramco Cements, TTK Healthcare, TTK Prestige, SAIL, Eveready, Unichem Laboratories, HUDCO, Berger Paints, Asian Granito, Apollo Hospitals, FACT and Natco Pharma were some of the companies which announced its financial results on Tuesday.

Movers and Shakers of the day :-

Himachal Fibres closed higher by 18.5% at Rs 9.39 per share.

MBL Infrastructures closed higher by 9.8% at Rs 26.30 per share.

Adani Enterprises closed higher by 5.9% at Rs 117.90 per share.

Max Financial Services closed higher by 4.1% at Rs 559.25 per share.

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