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.
BSE Sensex, which had closed at 36,542.27 points on Wednesday, opened higher at 36,691.93 points; at NSE, the broader 51-scrip Nifty that had closed at 11,053.80 points on Wednesday was quoting at 11,062.20 points, up by 8.40 points or 0.08 per cent
Although the session was largely volatile, buying picked up in the last hour of trade, which helped the indices close on a positive note.
Index-wise, the wider NSE Nifty50 closed at 11,143.10 points, lower 91.25 points or 0.81 per cent from the previous close of 11,234.35 points.
The key Indian equity indices closed in the green on Friday supported by healthy buying activity in the auto stocks and a recovery in the rupee from its from its previous close.
In the domestic market, investor sentiment was further eroded as growth in the India's manufacturing and service sector decelerated in August.
