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.
Key Indian equity indices closed in the negative territory on Wednesday as the rupee slumped to an all-time low, while weak global cues further subdued the sentiments, analysts said.
Positive global cues pushed the key domestic equity indices to new intra-day high levels during the morning trade session on Tuesday.
Amid a largely choppy trade, the key Indian equity indices of S&P BSE Sensex and the NSE Nifty50 settled at their respective closing highs on Tuesday registering nominal gains over the previous trade.
The key Indian equity indices – S&P BSE Sensex and the NSE Nifty50 – traded on a flat-to-positive note during the mid-afternoon session on Tuesday.
At 3.30 p.m., the wider NSE Nifty50 provisionally closed at 11,355.75 points, lower by 73.75 points or 0.65 per cent from its previous close.
