Benchmark indices gain for second consecutive day on Tuesday
Sensex was up 123.43 points to 25,145.59 and Nifty was up 37.55 points to 7,708.95.
While the Indian Meteorological Department is expected to release its monsoon forecast for this year soon, Skymet Weather Services has said that India is going to experience above normal monsoon in 2016.
Skymet mentioned on its website said that monsoon 2016 is likely to remain above than the normal at 105% (with an error margin of +/-4%) of the long period average (LPA) of 887 mm for the four-month period from June to September.
Top gainers on Tuesday included GAIL, Maruti, Tata Motors, Adani Ports, Hero MotoCorp, ONGC, ICICI Bank, Dr Reddy's Labs, Aurobindo Pharma and Lupin.
Some of the leading stocks that saw a dip in share prices were Coal India, Tata Steel, ITC, Hindalco, Tech Mahindra, Idea Cellular,and HDFC Bank.
Key indicators — industrial production (IIP) for February and consumer price index (CPI) for March — are expected to be released after market closing on Tuesday.
The equity markets will remain closed on Thursday and Friday owing to two holidays -- Dr Baba Saheb Ambedkar Jayanti and Ram Navami, respectively.
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