Late Rally Helps Nifty Regain 9,900; Wipro, RIL Lead Gains

Sensex closed 84 points higher at 31,730.49 and the Nifty50 index settled 33.50 points higher

Indian shares closed higher on Thursday as buying emerged in the last hour of trade amid expiry of August month future and options contracts. Sensex closed 84 points higher at 31,730.49 and the Nifty50 index settled 0.33 per cent or 33.50 points higher at 9,917.90 led by gains in Reliance Industries, Wipro, Maruti Suzuki, which rose between 1.5-3 per cent. Positive opening in European shares and a higher closing of Asian shares also boosted sentiments today. Except pharma shares, most other sectoral indices close higher in today’s trade.

Among Nifty stocks, Wipro was the top gainer, up 2.71 per cent followed by Bajaj Auto, Tata Power, RIL, Maruti Suzuki, which rose up to 2.8 per cent. HCL Tech, Power Grid, BPCL, Eicher Motors and Asian Paints were the other major gainers in the index today.

Meanwhile, Bharti Infratel was the top loser in Nifty, down 2.48 per cent. Bosch, Coal India, Aurobindo Pharma, Infosys were the other prominent losers in Nifty falling between 1.2-2.2 per cent.

Broader indices outperformed the Sensex and Nifty. The BSE Smallcap index closed 0.84 per cent higher while the BSE Midcap index added 0.21 per cent.

 

 

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