Sensex gains 111 points; markets closes higher

Markets near one-month high; Sensex rises 111 points

Markets recovered after opening weak. It closed near days high surging for second straight day. The recovery was led by Capital Goods and Bankex sectoral shares. The S&P BSE Sensex gained nearly 111 points or 0.53 percent to 20,811.40. After opening weak it touched a low of 20637 and a high of 20695. The CNX Nifty also advanced nearly 31 points or 0.50 percent to 6,186.10. It touched a low of 6,130.80 and a high of 6,191.85 intraday today.

In the sectoral indices, Capital Goods index surged by 2.53 percent. Bankex and Healthcare gained by 1.2-1.1 percent. Oil & Gas, Auto and FMCG advanced between 0.7-0.4 percent. Consumer Durables and Realty indices closed flat. Whereas, Power index slipped by 1.45 percent. Metal index declined by 0.91 percent and IT index fell by 0.38 percent. In the broader markets, Mid-cap index fell by 0.3 percent and Small-cap index declined by 0.35 percent respectively.

Among the sensex gainers Tata Power spurted over 5 percent. BHEL and Axis Bank surged nearly 4 percent each. Larsen & Toubro and Dr Reddys Lab also surged between 3-2 percent. ONGC, Hero MotoCorp, HDFC, Gail (India), Mahindra & Mahindra, ICICI Bank and Wipro Limited gained between 2-1 percent. Sun Pharma gained nearly 1 percent. HDFC Bank, ITC, Maruti Suzuki, State Bank of India, Coal India Ltd, Bajaj Auto, Tata Motors, Reliance Industries and Hindustan Unilever were the other index gainers.

Among the sensex losers NTPC crashed over 11 percent. Bharti Airtel dropped nearly 2 percent. Tata Steel, Tata Consultancy Services and Sesa Sterlite declined between 2-1 percent. Cipla Limited and Hindalco Industries also fell by 0.5-0.3 percent. Infosys also closed almost flat with negative bias.

However market breadth was almost neutral. Out of 2809 shares traded, 1338 shares advanced as compared to 1323 shared declined. While 148 shares remained unchanged.

Tags – Sensex, BSE Sensex, Market Pulse, Stock Market Pulse

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