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Sensex, Nifty Post Biggest Single-Day Gains In Over Two Weeks

Nifty futures on Singapore Exchange was little changed indicating flat start for Indian shares.

Traders on the trading floor of the Motilal Oswal Financial Services office in Mumbai. (Photographer: Vivek Prakash/Bloomberg)
Traders on the trading floor of the Motilal Oswal Financial Services office in Mumbai. (Photographer: Vivek Prakash/Bloomberg)
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Closing Bell

Indian equity benchmarks snapped three-day losing streak and posted their best single day gains in over two weeks led by Reliance Industries, Infosys and State Bank of India.

The S&P BSE Sensex rose 1.06 percent or 346 points to 33,107 and the NSE Nifty 50 Index advanced 0.96 percent or 97 points to 10,215. The gains were broad-based as the S&P BSE MidCap and S&P BSE SmalCap Indices rose 1 percent each.

All the 19 sector gauges compiled by BSE ended higher led by the S&P BSE Information Technology Index’s 2.16 percent surge.

Sensex, Nifty Post Biggest Single-Day Gains In Over Two Weeks
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Market Check

  • Indian equity benchmarks were on track to post best single-day gains in over two weeks.
  • The S&P BSE Sensex rose 310 points to 33,071 and the NSE Nifty 50 Index advanced 84 points to 10,202.
  • The broader market indices were in-line with benchmarks with the S&P BSE MidCap and S&P BSE SmallCap indices up 1 percent.
  • From the Nifty 50 basket of shares, 36 were advancing while 14 were declining.
  • Infosys, Bajaj Finance, State Bank of India, Aurobindo Pharma, Reliance Industries, TCS and Vedanta were among the gainers.

Deepan Mehta To BloombergQuint

  • Liquor stocks great play on consumption theme
  • PSU banks will continue to lose market shares to private sector and NBFCs
  • Benefits of compounding visible in NBFCs
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Countdown


Stocks Moving On Heavy Volumes

  • Astral Polytechnik: The Ahmedabad-based PVC plumbing systems maker rose as much as 3 percent to record high of Rs 814.95. Trading volume was 27.9 times its 20-day average.
  • Reliance Naval and Engineering: The Mumbai-based warship and submarine maker fell as much as 14.89 percent to Rs 37.15. Trading volume was 11.1 times its 20-day average.
  • Himatsingka Seide: The Bangalore-based textile products maker rose as much as 5 percent to Rs 337. Trading volume was 1.4 times its 20-day average.
  • Radico Khaitan: The Delhi-based liquor maker rose as much as 18.8 percent to record high of Rs 259.70. Trading volume was 7.6 times its 20-day average.
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