The S&P BSE Sensex surged over 150 points in trade today.The 50-share Nifty index rose smartly in trade and managed to reclaim its next crucial psychological level of 8400.
Hindalco, Lupin, Vedanta, L&T and Coal India are top gainers while ITC, NTPC, Hero MotoCorp, M&M and Wipro are laggards in the Sensex.
The euro traded around 1.1 to the dollar as Greece defaults on a repayment to the IMF, but short-covering and uncertainty ahead of a key referendum caps losses. Greece has defaulted on its 1.6 bn euro repayment to IMF and can't get further aid till dues are cleared. The country has asked for extension which will be considered on Wednesday. The Greece government has asked EU creditors for a new package.
Select FMCG stocks face selling pressure. The BSE FMCG index slipped 24 points; ITC, Marico, United Breweries, Jubilant Foodworks, HUL and GSK Consumer Healthcare were among the top losers.
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