The second day of week ended green as both the Sensex and the Nifty gained 114.19 points or 0.32 per cent and 42.60 points or 0.40 per cent, respectively. The Sensex closed at 35,378.60 and the Nifty at 10,699.90, at the end of a positive trading day.
“The Nifty has recovered its previous day losses to gain 42 points and closed near to 10,700 levels. Pharma and IT led the up move to gain 2.1 per cent and 1.1 per cent respectively while Bank Nifty is underperforming the broader markets,” said Rajeev Srivastava, Head-Retail Broking, Reliance Securities.
At the BSE, Time Technoplast Ltd, JustDial, Fortis Healthcare Ltd, Tata Global Beverages Ltd and Aban Offshore Ltd were the major gainers while IDBI Bank Ltd, Avanti Feeds Ltd, Vakrangee Ltd, Kwality Ltd and Future Lifestyle Fashions Ltd were the top losers.
Meanwhile, at the NSE, Cipla Ltd, Bajaj Finserv Ltd and Maruti Suzuki Ltd were in the ruling area whereas Vedanta Ltd, Bharti Infratel Ltd and ICICI Bank were losing the most at the end of the market closing.
The S&P BSE Midcap gained 105.96 points or 0.69 per cent to close at 15,441.43 and the Small Cap rose by 69.65 points or 0.44 per cent to close at 15,990.09, at the time of filing the report.
Though the indices were on a gaining spree, the Indian Rupee dropped over Rs 0.1950 or 0.28 per cent to the US Dollar to close at Rs 68.6 at the end of the session.
After the closing of the global markets, Nikkei and Hang Seng lost 0.12 per cent and 1.41 per cent, respectively. Shanghai Composite, FTSE 100, DAX and CAC 40 gained 0.41 per cent, 0.58 per cent, 1.29 per cent and 0.96 per cent, respectively.
The commodities sector concluded on gaining terms as gold rose by Rs 70 or 0.23 per cent to close at Rs 30,359 per 10 grams and Brent Crude secured Rs 29 or 0.57 per cent to close at Rs 5,138 per bbl, at the time of stock market closing.
In the banking sector, Axis Bank and State Bank of India went down by 0.60 points or 0.12 per cent and 1.35 points or 0.52 per cent while HDFC gained 0.20 or 0.01 per cent as per the BSE indices.