Sensex, Nifty Close Higher For Third Straight Session: 10 Things To Know
- The broader NSE Nifty settled at 10,912.25, up 18.60 points or 0.17 per cent from Friday's close. Eighteen of 50 Nifty stocks finished on a positive note.
- Major advancers on the Nifty50 were Titan, ONGC, Reliance Industries, Eicher Motors and Bajaj Auto, closing between 1.70 per cent and 3.32 per cent higher.
- Reliance Industries, ONGC, Bajaj Auto, Kotak Mahindra Bank and TCSÂ were the top gainers on the 30-share Sensex.
- Reliance Industries, which closed 3.52 per cent higher at Rs 1291.15 on the BSE, contributed most to the gains on Sensex followed by HDFC Bank.
- Reliance Communications shares closed 34.91 per cent lower at Rs 7.55 on the NSE, after the company said it will seek a fast-track resolution through the bankruptcy court, National Company Law Tribunal, to resolve its indebtedness. Â
- Analysts awaited more large cap earnings and the outcome of the Reserve Bank of India's policy meet due later this week.
- "I expect markets to remain rangebound between 10,500 and 11,100 till the elections, but we will get a clearer picture of the market's direction by February 15, when most of the corporate earnings will be done," news agency Reuters quoted Madhumita Ghosh, head corporate solutions, Tasmac Global Education, as saying.
- Indiabulls Housing Finance was the top laggard on the Nifty. Shares closed 4.21 per cent lower at Rs 650.05 on the NSE.
- Meanwhile, the rupee   was trading 43 paise lower at 71.68 against the dollar.   Brent crude futures rose 1.23 per cent to $63.52 per barrel.
- On a net basis, foreign portfolio investors (FPIs) bought shares worth a net of Rs 1,315.89 crore on Friday, and domestic institutional investors (DIIs) were net sellers to the tune of Rs 5.07 crore, provisional data available with NSE showed.
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