New Delhi [India]: The market on Wednesday ended on a firm note with the Nifty closing above 8200, up 82.35 points or one percent at 8224.50.
On the other hand, Sensex was up 258.80 points or 0.9 percent at 26652.81. Shares such as ICICI Bank, Maruti, SBI and HDFC Bank were top gainers while Lupin, GAIL, Cipla, Reliance and Tata Motors are losers in the Sensex.
The triggers added speculations that the crude prices will continue to remain as low as USD 45 per barrel if the Organisation of the Petroleum Exporting Countries (OPEC) disagrees to cut production when it meets.
Amtek Auto shares jumped nearly 10 percent intraday after the board of directors approved the proposal of fresh capital infusion and restructuring of debt.
“In a joint board meeting of Amtek Auto, Metalyst Forgings, ARGL and Castex Technologies, members approved the proposal relating to infusion of fresh capital by new investor(s) and restructuring and reduction of debt subject to the approval of lenders,” added the company in its filing.
Also, Maruti Suzuki added nearly three percent after rising four percent previous session, especially ahead of November sales data.
Nomura expects flat sales growth at 1.21 lakh units on yearly basis while Motilal Oswal sees five percent decline in sales. (ANI)