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Live Market Update- Nifty hits above 11,000, Reliance, ONGC, Axis Bank rise

Best stock advisory in indiaIndian stock markets opened on positive note on Tuesday, tracking positive cues from Asian markets. Quarterly earnings of the major companies, together with derivatives expiry, will likely to guide the domestic shares. Companies like Maruti Suzuki India Ltd, Coal India Ltd, Canara Bank, Idea Cellular Ltd, and Dr Reddy’s scheduled to announce their Q3 results this week.

The BSE Sensex rose 227.55 points to hit an all-time high of 36,025.56 on Tuesday while the NSE Nifty 50 surged as much as 78.75 points to hit a lifetime peak of 11,044.95, in late morning hours.

Shares of Tata Steel, Infosys, Reliance, ONGC, Axis Bank, Coal India surged up to 2.5% while, on the other hand, Asian Paints, HUL, and Tata Motors dipped a little.

Top five Sensex gainers were Tata Steel up 3.14%, Dr Reddy’s (up 1.83%), Infosys (Up 2.58%), SBI (Up 1.45%) and Sun Pharma (Up 0.92%), while the major losers were Asian Paints (down1.03%), Tata Motors (down 0.62%), Wipro (down 0.56%), HDFC Bank (down 0.15%) and PowerGrid (down 0.26%), at the time of this writing.

The other top companies which are in league with their respective Q3 earnings include India Bulls HF, Force Motors Ltd, Indiabulls Real Estate, Alembic Pharma, Crompton Greaves PNB Housing Finance, Edelweiss Financial Services, L&T Technology Services, and United Spirits.