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Stock Tips: Markets keep gains for fourth day, Nifty reclaims 10,400

Equity benchmarks rose for a fourth consecutive session on Tuesday, driven by positive global signals, together with buying  sentiments in metal, bank and IT stocks and expectations of better earnings elevated market sentiment.

The NSE’s Nifty50 index gained 0.22 percent, to close at 10,402, while the BSE Sensex settled 0.27 percent, or 92 points, up at 33,880

On NSE, Nifty-50 constituents, 26 stocks advanced and 24 stocks declined, while on BSE 17 stocks advanced against 14 declines.

In Sensex pack major gains were led by Axis Bank, which rose over 5.43 percent after Shikha Sharma’s tenure shortened. ICICI Bank, Adani Ports, Tata Steel and Coal India also stood among the top gainers of the day, in the Sensex index.

Nifty Metal Index rose with Hindalco Industreis (+3.91%), NMDC (+3.73%), Welspun Corp  (+3.38%) and NALCO (+3.13%).

Sugar stocks gained on news reports that government may provide financial assistance to cane farmers for produce sold to sugar mills. Shares of Dwarikesh Sugar and Rajshree Sugars spiked 11% and 10% respectively, among others.

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