Markets end higher on back of strong IT, energy stocks
Gains in Reliance, TCS, Infosys, HCL Tech, HDFC and ICICI Bank also helped the barometer extend its rally for a second day.
Gains in Reliance, TCS, Infosys, HCL Tech, HDFC and ICICI Bank also helped the barometer extend its rally for a second day.
Top gainers on the Sensex included Tata Steel, HDFC Bank, Ultratech Cement, PowerGrid, ONGC, Kotak bank and Axis Bank.
At 12.21 pm S&P BSE Sensex fell by 408.43 points at 27,856.88 and Nifty50 was at 8,132.65 down by 121.15 points.
Sensex and Nifty that were up 38,169.87 (+322.22) points and 11,361.40 (+90.19) points gave away their intra-day gains to slip into red terrain in mid-session but again regained upside momentum in line with key Asian markets.
The BSE Sensex traded at 39,917.74, higher by 78.49 points or 0.20 per cent from the previous close of 39,839.25 points.
The key Indian equity indices opened in the negative territory on Wednesday with the S&P BSE Sensex losing over 100 points.
Macro-economic data points, coupled with Indian rupee's performance against the US dollar will influence domestic equity market's trajectory during the upcoming week.
In addition, the domestic currency traded lower by 59 paise at 73.03 to a US dollar, from its Friday close of 72.44.
The NSE Nifty50 traded at 10,233.75 during the afternoon trade session, down just 17.10 points and 0.17 per cent.
Index-wise, the NSE Nifty50 traded at 10,980 points (1.54 p.m.), lower by 2.45 points or 0.02 per cent from the previous close.
