Domestic stock markets marked their highest closing level in nearly two months today.
Bombay Stock Exchange (BSE) benchmark index Sensex ended at 36,194.30, up 23.89 points or 0.07 per cent from the previous close, and the Nifty50 index of the National Stock Exchange (NSE) edged higher by 18.05 points or 0.17 per cent to settle at 10,876.75 ahead of key economic growth data later in the day.
The indices were boosted by a surge in pharma, realty and IT stocks. Top gainers on the 50-scrip index Nifty were Yes Bank, Cipla, Tech Mahindra, Wipro and Dr Reddy’s.
Thirteen out of 30 Sensex stocks closed in the green. Top gainers in the 30-share Sensex pack were Yes Bank, Wipro, Mahindra & Mahindra, HDFC, Sun Pharma and Kotak Bank. HDFC, Infosys and Kotak Bank contributed the most to the gains.
“Decline in international crude oil prices and strengthening of rupee were the positives today,” said R.K. Gupta, managing director at Taurus Asset Management. “Investors are also eyeing outcome of the G20 meet over the weekend,” he said.
Shares of non-banking financial companies gained after the central bank relaxed rules to sell or securitise their loan books, in a bid to ease persistent stress in the sector.
Dewan Housing Finance Corp Ltd’s stock closed at 5.71 per cent higher, while those of Bajaj Finance Ltd closed at 0.69 per cent higher on BSE.>