Sensex, Nifty Gain For Third Day In A Row Led By Reliance Industries, L&T
NDTV
Reliance Industries, ITC, Larsen & Toubro, Infosys, Asian Paints, Bajaj Finance and Mahindra & Mahindra were among the top movers in the Sensex.
The Indian equity benchmarks gained for third day in a row on Thursday led by gains in index heavyweights like Reliance Industries, ITC, Larsen & Toubro, Infosys, Asian Paints, Bajaj Finance and Mahindra & Mahindra. The benchmarks fluctuated between gains and losses for most part of the day owing to volatility as weekly index futures and options expired, analysts said. The Sensex traded in a band of 549 points and Nifty 50 index touched an intraday high of 17,543 and low of 17,380.
The Sensex ended 157 points higher at 58,807 and Nifty 50 index advanced 47 points to close at 17,517.
"Worries on the inflation front are definitely weighing on the banking stocks today, considering they could react sharply to inflation data," Gaurav Garg, head of research at CapitalVia Global Research told news agency Reuters.
Eight of 15 sector gauges compiled by the National Stock Exchange ended lower led by the Nifty Bank index's over 0.5 per cent decline. Nifty Financial Services, IT, Private Bank, Realty, Healthcare and Consumer Durable indices also fell between 0.2-0.5 per cent.
