Sensex, Nifty Rebound After Posting Worst Start To Second Half Since 2010
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Closing Bell: Sensex, Nifty Rebound Led By Reliance, Infosys
Indian equity benchmarks rebounded a day after posting the worst start to second half of the year since 2010 in the previous session.
The S&P BSE Sensex rose 0.3 percent or 114 points to 35,378.60 and the NSE Nifty 50 index climbed 0.4 percent or 43 points to 10,700.
The gains in today's session were led by heavyweights like Reliance Industries, Infosys, Kotak Mahindra Bank and ITC.
Thirteen out of 19 sector gauges compiled by BSE ended higher led by the S&P BSE Healthcare index’s 1.8 percent gain. On the flipside, the S&P BSE Metal index was top loser, down 0.3 percent.
The mid- and small-cap shares were in line with their larger peers as the S&P BSE MidCap index rose 0.7 percent and S&P BSE SmallCap index advanced 0.4 percent.
Fortis Healthcare Holds Gains; IHH Submits Binding Bid
Shares of the country's second largest hospital chain operator rose 6 percent to Rs 141.75 after IHH offered a binding bid for Fortis which will be valid till July 16, 5 PM IST, Bloomberg reported.
Aban Offshore, Allcargo Logistics Among Fab Four Stocks Of The Day
- United Breweries: The Bengaluru-based beer maker rose as much as 5.3 percent to Rs 1,174.90 after Emkay upgraded the stock to ‘buy’ from ‘accumulate’ and raised its target price to Rs 1,400 from Rs 1,350.
- Hero MotoCorp: The Delhi-based motorcycle maker rose as much as 2 percent to Rs 3,485 after its June sales rose 13 percent at 704,562 units versus 624,185 units against BloombergQuint estimate of 7 lakh units.
- Aban Offshore: The Chennai-based oil field service provider rose as much as 10 percent after it won an order from ONGC for rig development.
- Allcargo Logistics: The Mumbai-based logistics services provider rose as much as 7.3 percent to Rs 115.05 after after 24.7 lakh shares change hands in two block deals.
Stocks Rise As China Talks Up Yuan; Oil Advances
Stock markets showed signs of stabilizing on Tuesday, with European shares and U.S. futures rising following a mixed Asian session in which all eyes were on the yuan. The euro strengthened as Germany’s coalition government dodged a crisis over migration.