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Markets close higher; Nifty Settles above 12,100

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Sensex closed the day above 428-pts at 41,323 levels, led by strong global market sentiments. The Nifty too ended higher by 133 points and managed to settle the day at 12,125-mark

The top five gainers of the NSE Nifty are Bharti Infratel, Grasim Industries, Coal India, Zee Entertainment and Hindustan Unilever. On the downside, Tata Motors, JSW Steel, SunPharma, TCS and Bharti Airtel led the losses.

Among sectoral Nifty, major gains were led by Nifty Pharma which gained 2.20 percent with Aurbindo Pharma, Cadila Healthcare, Piramal Enterprises and Cipla which have risen between 3 to 21 percent. Get the latest stock tips options and the buy  Stock tips for tomorrow from here.

The Nifty FMCG too outperformed by 1.56 percent, led by Jubilant Foodworks, Hindustan Unilever and Nestle India, between 3.70 and 2 percent.

Nifty Realty gained 1.11 percent for the day and Nifty Private Bank also rose by 0.90 percent, Nifty Financial Service added 1.43 percent while Nifty auto slipped a tad lower by 0.06 percent for the day.