The market ended higher after a smart  rally throughout the day. The Sensex ended up 241.01 points or 0.9 percent at 26866.92, and the Nifty up 68.30 points or 0.8 percent at 8238.50. About 1381 shares have advanced, 1194 shares declined, and 193 shares are unchanged. 

 

The government has made slew of announcements for various sectors by opening FDI. It has approved 74 percent FDI in brownfield pharma under automatic route, 100 percent in scheduled airlines & defence sectors. Dr Reddy's, Biocon Reliance Defence and Jet Airways rallied 2-8 percent.

 

Among the 51 components in the Nifty pack, Tata Motors gained the most — 3.87 per cent, followed by Tata Steel (up 3.43 per cent), Tata Motors DVR (up 2.74 per cent), Ambuja Cements (up 2.63 per cent) and Infosys (2.52 per cent). On the other hand, Axis Bank, Asian Paints, Sun Pharma, Eicher Motors and GAIL slid 0.93 per cent, 0.72 per cent, 0.63 per cent, 0.59 per cent and 0.59 per cent, respectively.