Employees work at their desks in a brokerage firm in Mumbai. (Photographer: Prashanth Vishwanathan/Bloomberg)

Sensex, Nifty End At Over 4-Month Highs Ahead Of Inflation Data

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Closing Bell: Sensex, Nifty End At Over 4-Month Highs

Indian equity benchmarks rose to their highest level since February led by Reliance Industries, State Bank of India and TCS ahead of May inflation data.

The S&P BSE Sensex rose 0.6 percent or 209 points to 35,692 and the NSE Nifty 50 index climbed 0.5 percent or 56 points to 10,843.

India’s annual inflation is expected to remain below 5 percent in May, according to the median estimate of 19 economists in a Bloomberg survey.

Fifteen out of 19 sector gauges compiled by BSE ended higher led by the S&P BSE Healthcare index's 1.9 percent gain. On the other hand, the S&P BSE Metal index was top loser, down 0.56 percent.

The mid- and small-cap shares were in line with their larger peers as the S&P BSE MidCap index rose 0.9 percent and the S&P BSE SmallCap index gained 0.5 percent.

Sensex, Nifty End At Over 4-Month Highs Ahead Of Inflation Data

Reliance Industries Closes At An All-Time High

Shares of the Mukesh Ambani-led company rose 1.7 percent to close at an all-time high level of Rs 999.40.

Sensex, Nifty End At Over 4-Month Highs Ahead Of Inflation Data

Thomas Cook Holds Gains Amid Block Deal

  • Thomas Cook has 12 lakh shares change hands in a single block on the BSE. Stock up 2.3 percent at Rs 275.95.

Buyers and sellers were not immediately known

Source: Bloomberg

Fab Four Stocks Of The Day

  • BGR Energy Systems: The Chennai-based infrastructure construction company rose as much as 13.73 percent to Rs 103.95 after it won two orders worth Rs 431 crore from Nuclear Power Corporation of India.
  • DCM Shriram: The Delhi-based business conglomerate rose as much as 13.74 percent to Rs 308 after it informed exchanges that its board will meet on June 18 to consider a proposal to buy back shares.
  • Strides Shasun: The Bengaluru-based drugmaker rose as much as 5.49 percent to Rs 369 after it got U.S. FDA approval for Oseltamivir Phosphate capsules.
  • Tata Elxsi: The Bengaluru-based software developer rose as much as 4.4 percent to record high of Rs 1,280 on the back of heavy volumes. Trading volume was 3.3 times its 20-day average.

BGR Energy Systems Surges On Winning Order Worth Rs 431 Crore

Shares of the Chennai-based infrastructure construction company rose as much as 13.73 percent to Rs 103.95 after it won two orders worth Rs 431 crore from Nuclear Power Corporation of India.