Equity indices inch-up; IT stocks rise

Equity indices inch-up; IT stocks rise

The Sensex touched a high of 34,706.71 points and a low of 34,465.49 points during the intra-day trade. The gauge had gained 35.19 points in the previous session.The NSE Nifty, after shuttling between 10,636.80 and 10,569, finally settled 29.65 points, or 0.28 per cent higher at 10,614.35. However, the index lost steam in the last hour of trading as investors indulged in profit booking.

Pharma stocks Lupin Ltd and Dr. Reddy's Laboratories Ltd rose 1 per cent each.

MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.25 percent.

The BSE market breadth was bullish with 1,024 advances and 549 declines.

On the global front, Asian markets ended mostly higher despite the Dow and the Nasdaq falling amid a decline in tech shares. Both Sensex and Nifty traded above 2-month high.

"Trading was volatile ahead of derivative expiry this week", Jasani told IANS.

In terms of investments, provisional data with the exchanges showed that FIIs sold scrip worth Rs 680.99 crore, while the domestic institutional investors purchased stocks worth Rs 508.55 crore.

The rupee fell to as low as 66.235 against the dollar, its weakest level since March a year ago.

Sector-wise, the S&P BSE healthcare index rose by 178.18 points, followed by IT which gained 89.92 points and auto stocks which edged up by 83.33 points.

On closing basis, however, the company's m-cap stood at Rs 653,767.50 crore or $99.05 billion on the BSE.

Major gainers in the 30-share index were Reliance Industries (3.70%), Mahindra & Mahindra (1.94%), Adani Ports and Special Economic Zone (1.74%), ICICI Bank (1.66%), HDFC (1.31%) and Larsen & Toubro (1.25%).

The top losers were: Wipro, down 3.30 per cent at Rs 287.05; Infosys, down 2.49 per cent at Rs 1,153.90; Tata Steel, down 1.23 per cent at Rs 598.25; State Bank of India, down 0.87 per cent at Rs 240.60; and Tata Consultancy Services, down 0.87 per cent at Rs 3,385.65.

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