Buying was broad-based across market segments and sectors with IT and bank stocks leading the show. Among Nifty stocks, NTPC rallied over 3% after Goldman Sachs initiated coverage on the PSU counter with a buy rating.
Brokerage firm Goldman Sachs maintained a buy rating on IndusInd Bank, HSBC initiated coverage on Titagarh Wagons with a buy rating, Jefferies recommended a buy on Polycab and CLSA maintained a buy rating on ICICI Lombard.
The firm reported net profit of Rs 402.81 crore in June quarter against Rs 222.55 crore a year ago. Despite facing lower commodity prices, the company s revenue for the quarter surged by 42 percent year-on-year