Stock Market in India Finished on a Strong Note

Stock market in India continued to trade higher in the afternoon session and finished on a strong note amid firm international markets. 

At the closing bell, the BSE Sensex stood higher by 241 points, while the NSE Nifty finished up by 92 points. The S&P BSE Mid Cap & the S&P BSE Small Cap finished up by 1.4% and 1% respectively.

Gains were largely seen in metal sector, bank stocks and PSU stocks.

Here is a complete list of BSE gainers today.

The rupee was trading at 68.23 against the US$ in the afternoon session. Oil prices were trading at US$ 51.23 at the time of writing this share market news.

Steel stocks and lenders with significant exposure to steel industry such as ICICI Bank, Axis Bank and SBI surged after it was reported that China will completely stop production of highly polluting low-end steel by June-end to tackle smog.

Tata Steel share price surged 4% in today’s trade after the company reported a 27% increase in Q3FY17 sales to 2.9 million tonne (MT) compared to 2.3 MT in Q3 FY16.

If you have any query, use Equitymaster's online stock screener to scan stocks listed in BSE and NSE stock exchanges in India using various key metrics like share price, market cap, P/E ratio, dividend yield and more.

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