 "Markets end higher; Sensex gains 166 points")
Markets have closed the session on a higher note with capital goods and oil shares leading the gains.
Provisionally, the Sensex closed up by 166 points at 27,896 and the Nifty gained 37 points at 8,398 levels.
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Benchmark Indices regained some ground in the late afternoon trades on the back of fresh buying witnessed in capital goods, financials and auto shares as the expiry of derivatives for the June series closes in.
At 1430 hours, the 30-share Sensex climbed 172 points to 27,902 and the 50-share Nifty touched 8,400-mark and was at 8,401, up 40 points.
The broader markets are, however, underperforming their larger peers with the BSE Mid-cap and Small-cap indices trading up by 0.35% and 0.19 % respectively. Market breadth was neutral with 1,251 losers and 1,259 gainers on the BSE.
Meanwhile, Asian markets edged lower after the negotiations between Greece and its international creditors failed. Wall Street also ended lower amid Greece debt crisis.
On the currency front, the Indian rupee has marginally strengthened against the greenback to 63.56 levels against its previous close at 63.59 levels.
SECTORS & STOCKS
Sectorally, BSE Capital Goods, Bankex and Auto indices are leading the rally, up by--% while selling pressure is witnessed in BSE IT and FMCG indices.
According to media reports, Bajaj Auto is set to launch two new motorcycles by FY17. The stock has surged more than 4% on the Sensex and is the highest gainer.
Vedanta has jumped over 3% after the company along with Cairn India initiated the merger process by filing the scheme of arrangement along with the relevant documents with the stock exchanges. Cairn India is up by 3.3%.
From the capital goods pack, L&T has added more than 1.6% while BHEL has extended its gains and was up 1%. The PSU engineering major on Tuesday said that it has commissioned a 250-MW unit of NTPC's Bongaigaon thermal power plant in the Kokrajhar district in Assam.
Financials have also witnessed some buying with SBI, HDFC twins, Axis Bank have all added between 0.3- 2% each on the Sensex
From the IT space, Infosys has added 0.7% on the Sensex. Reports suggest that it could soon become the most influential stock on the Nifty, Sensex and MSCI Index after SEBI said that existing promoters may be reclassified as public if a company becomes professionally managed and does not have any identifiable promoter.
TCS has gained around 0.2% while Wipro has lost over 1%.
Among other notable gainers, Reliance Inds, Hindalco, Dr. Reddy’s, and Hero Motocorp have registered a gain of 1-2% each on the Sensex.
On the flip side, Tata Steel, M and M, NTPC, Cipla and ONGC have lost between 0.3-1.3% on the Sensex.
Provisionally, the Sensex closed up by 166 points at 27,896 and the Nifty gained 37 points at 8,398 levels.
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Also Read
Updated at 14:30
Benchmark Indices regained some ground in the late afternoon trades on the back of fresh buying witnessed in capital goods, financials and auto shares as the expiry of derivatives for the June series closes in.
At 1430 hours, the 30-share Sensex climbed 172 points to 27,902 and the 50-share Nifty touched 8,400-mark and was at 8,401, up 40 points.
The broader markets are, however, underperforming their larger peers with the BSE Mid-cap and Small-cap indices trading up by 0.35% and 0.19 % respectively. Market breadth was neutral with 1,251 losers and 1,259 gainers on the BSE.
Meanwhile, Asian markets edged lower after the negotiations between Greece and its international creditors failed. Wall Street also ended lower amid Greece debt crisis.
On the currency front, the Indian rupee has marginally strengthened against the greenback to 63.56 levels against its previous close at 63.59 levels.
SECTORS & STOCKS
Sectorally, BSE Capital Goods, Bankex and Auto indices are leading the rally, up by--% while selling pressure is witnessed in BSE IT and FMCG indices.
According to media reports, Bajaj Auto is set to launch two new motorcycles by FY17. The stock has surged more than 4% on the Sensex and is the highest gainer.
Vedanta has jumped over 3% after the company along with Cairn India initiated the merger process by filing the scheme of arrangement along with the relevant documents with the stock exchanges. Cairn India is up by 3.3%.
From the capital goods pack, L&T has added more than 1.6% while BHEL has extended its gains and was up 1%. The PSU engineering major on Tuesday said that it has commissioned a 250-MW unit of NTPC's Bongaigaon thermal power plant in the Kokrajhar district in Assam.
Financials have also witnessed some buying with SBI, HDFC twins, Axis Bank have all added between 0.3- 2% each on the Sensex
From the IT space, Infosys has added 0.7% on the Sensex. Reports suggest that it could soon become the most influential stock on the Nifty, Sensex and MSCI Index after SEBI said that existing promoters may be reclassified as public if a company becomes professionally managed and does not have any identifiable promoter.
TCS has gained around 0.2% while Wipro has lost over 1%.
Among other notable gainers, Reliance Inds, Hindalco, Dr. Reddy’s, and Hero Motocorp have registered a gain of 1-2% each on the Sensex.
On the flip side, Tata Steel, M and M, NTPC, Cipla and ONGC have lost between 0.3-1.3% on the Sensex.