Indices shine: GAIL jumps by 4%

The Indian market not only opened on a positive note, but it was also able to sustain itself on the green mark. The market was volatile after mid-session but again it closed near the day's high. Auto stocks like Maruti Suzuki, Eicher Motors and Hero Motocorp were seen leading the session. The Nifty ended with a gain of 37 points at 7708; and Sensex was up by 123 points at 25145. 

The advance-decline ratio ended on the positive side in the closing session. On the NSE, 1515 shares closed in green; while 1093 shares ended the day in red.

Top 5 Nifty Gainers: GAIL closed the day with the top gains on the NSE, up by 4.09%. Zee Entertain, Maruti Suzuki, Hero Motocorp and Tata Motors were the others that ended higher.

Top 5 Nifty Losers: Coal India was the top loser, down by 2.1%, followed by Tata Steel, Idea Cellular, ITC and Tech Mahindra.

Majority of the indices ended in the green. Auto was the top gainer for the day, up by 286 points; followed by Healthcare; and Oil & Gas, which were up by 152 points and 111 points, respectively. Capital Goods and Consumer Durables were up around 90 points. Mid-Caps and Small-Caps were up in the range of 100 points. However Metal index witnessed some profit booking, and was down by 104 points. 

In the Asian markets, the Nikkei ended higher by 177 points. The Hang Seng closed up by 63 points. The Straits Times and KOSPI ended on a positive note.

Buzzers: GAIL surged more than 4 percent and closed above the technical level of Rs 365. If it sustains above this level, it may see more tops around Rs 375 soon. 

The Nifty Future closed above 7700 level. Going ahead 7820/7850 level will be the immediate resistance levels.