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Indian equity benchmarks extended rally for the second consecutive trading session, led by the gains in HDFC Bank Ltd. and Reliance Industries Ltd. The BSE Sensex closed 0.6% or nearly 500 points higher at 83,294, while the NSE Nifty 50 rose 0.6% to end above 25,700. The broader markets represented by the NSE Nifty 500 Index rose 0.4% led by Blue Jet and Aegis Vopak's 9% rally.
Eleven out of 15 sectoral gauges compiled by the NSE ended higher, led by the NSE Nifty PSU Bank Index's 1.4% gains. On the flipside, the NSE Nifty IT Index was the top sectoral loser, down 1.5%. The market breadth, however, was tilted in favour of sellers. Nearly 2,400 stocks declined while 1,916 stocks advanced on the BSE.
Elsewhere around the world, the US stock futures declined. The Dow Jones Industrial Average futures fell 300 points, or 0.5%, while S&P 500 futures dropped 0.6% and the Nasdaq 100 futures declined 0.7%. in the European markets, Germany's DAX fell 0.41% to 25,156.58, UK's FTSE slipped 0.08% to 10,677.92, while France's CAC was down 0.02% at 8,513.9 and STOXX 600 fell 0.2% to 629.28.
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Source: Bloomberg
Patel Engineering said it has received an order worth Rs 910 crore from the Himachal Pradesh government for the Renukaji dam project, according to an exchange filing.
Source: Bloomberg
Belding India said it has changed its name from “SYNTHIKO FOILS” to “BELDING INDIA”, according to an exchange filing.
Indian equity benchmarks traded off day's high as gains in HDFC bank and ICICI Bank were offset by losses in Infosys and Eternal. The BSE Sensex rose 490 points to 83,300 and the NSE Nifty 50 rose 0.6% to 25,723. Intraday, the 30-stock index rose as much as 0.8% or 671 points to 83,486.15 and the 50-stock index rose 0.8% to 25,771.45.
Eleven out of 15 sectoral gauges compiled by the NSE traded higher, led by the NSE Nifty PSU Bank Index's 1.8% rally. On the flipside, the NSE Nifty IT Index was the top sectoral loser, down 1.1%.
The BSE Sensex rose marginally higher to 82,828, while the NSE Nifty 50 advanced 0.5% to 25,692
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