The Bombay Stock Exchange (BSE) stands in Mumbai. (Photographer: Dhiraj Singh/Bloomberg)

Sensex, Nifty Extend Record Closing Spree As ICICI Bank, RIL Lead

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Closing Bell: Sensex, Nifty Extend Record Breaking Run

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Find Out All That You Missed During The Day In Countdown

Indian equity benchmarks extended record closing spree on the back of better-than-expected June quarter earnings from Indian companies.

The S&P BSE Sensex rose 0.42 percent to 37,494.40 and the NSE Nifty 50 index climbed 0.37 to 11,319.55.

Gains in today's session were led by Reliance Industries after it reported strong June quarter earnings while ICICI Bank rose despite a loss as brokerages maintained their buy call on the stock.

Fifteen out of 19 sector gauges compiled by BSE ended higher led by the S&P BSE Telecom index's 2.85 percent gain. On the other hand, the S&P BSE IT index was top loser, down 0.7 percent.

The mid- and small-cap shares were in line with their larger peers as the S&P BSE MidCap index rose 0.3 percent and the S&P BSE SmallCap index advanced 0.5 percent.

Schneider Electric, GATI Among Fab Four Stocks Of The Day

  • Schneider Electric: The Vadodara-based power equipment maker were locked in a 20 percent upper circuit at Rs 107 after it reported profit of Rs 8 crore compared with net loss of Rs 23.5 crore.
  • GATI: The Hyderabad-based logistics company rose as much as 19 percent, the most in over three months, to Rs 117 as TVS Logistics in talks to buy controlling stake in GATI for Rs 1,500 crore, The Economic Times reported citing multiple sources close to negotiations.
  • Thyrocare: The Mumbai-based diagnostic lab operator rose as much as 6.8 percent, the most in three months, to Rs 630 after it informed exchanges that its board will meet on Aug. 4 to discuss share buyback proposal.
  • Canara Bank: The Bengaluru-based government owned bank rose for eighth straight day. In the last eight trading sessions the stock has surged 27 percent.