After falling in early trade, Indian benchmark indices recovered from the day’s low and extended their winning run for the 9th straight session. At the close, Sensex rose 300 points, while Nifty settled above 20,000 mark for the first time
In broader markets, small and midcap stocks were under selling pressure for the second straight day as PSU stocks plunged.
In stock- specific action, shares of retail coffee chain Coffee Day hit 20% uper circuit after an appellate tribunal quashed insolvency proceedings against its subsidiary Coffee Day Global, setting aside the NCLT order.
Railway stocks also cracked for the second day amid profit-booking, setteling 5% lower.
Suzlon Energy shares fell nearly 5%, witnessing their third fall in four sessions as investors booked profits in the multibagger counter.
On the IPO front, two new issues, SAMHI Hotels and Zaggle Prepaid will open for subscription on Thursday.
Thats all for today. Stay tuned for more daily market updates.
