Nifty hits 5100; Coal India, Hero Motocorp up 2%

The NSE Nifty touched the 5100 level due to consistent buying in index heavyweight Reliance Industries, ICICI Bank and Infosys. The Indian rupee too appreciated by 7 paise to 55.73 as against the US dollar.

The BSE benchmark rose 145 points to 16,823 and the NSE benchmark was up 46 points at 5,100.75 while the broader markets were marginally higher.

Reliance Industries, India's most valued stock gained 1.46% and second largest software services exporter Infosys went up 0.9%.

Private sector lender ICICI Bank surged 2% while its rivals State Bank of India and HDFC Bank were up 1% each.

Shares of top commercial vehicle maker Tata Motors climbed 2% ahead of Jaguar & Land Rover's sales numbers for May. Brokerage houses expect sales around 28000-30000 units as against 25143 units in previous month.

Country's largest two-wheeler manufacturer Hero Motocorp and state-owned coal mining company Coal India too rallied 2% each.

Engineering and construction major by sales Larsen & Toubro rose 1.2%.  FMCG majors HUL and ITC were up 0.7% each.

State-owned MMTC was among the top five most active stocks, with 2,87,880 shares that gained 2%. HMT and ITI rose 5%.