Indian Shares Extend Gains To 3rd Straight Session
(RTTNews.com) - The Indian stock market ended on a buoyant note on Friday, extending gains to a third successive session, tracking positive global cues and on reports about government's decision to infuse capital in seven public sector banks.
The rupee's rise against the U.S. dollar contributed as well to the firm trend in the market.
Shares from banking, healthcare, capital goods and consumer durables sectors had a good outing. A few stocks from power, oil, metal and FMCG sectors too ended on a firm note.
The benchmark BSE Sensex ended up 269.44 points, or 0.75%, at 36,076.72, while the National Stock Exchange's Nifty50 advanced by 80.10 points, or 0.74%, to 10,859.90.
In the currency market, the rupee was hovering around 69.95 against the U.S. dollar, up 0.55% from previous close.
Titan gained 4.1% and topped the Nifty gainers list. Sun Pharmaceutical Industries gained nearly 3.5% and Indian Oil Corporation adde 3.2%.
Zee Entertainment Enterprises, Bajaj Finance, Yes Bank, Vedanta, Tata Motors, Bajaj Financial Services and JSW Steel moved up by 1.7 to 2.2%. HCL Technologies, IndusInd Bank, Grasim Industries, Hindalco, ICICI Bank, Dr Reddy's Laboratories, Axis Bank, Tata Steel and Hindustan Petroleum Corporation also ended notably higher.
The market breadth was fairly strong. On BSE, 1586 stocks moved up and 1064 stocks declined, while 148 stocks ended flat.
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