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Closing bell: Sensex gains 131 points, Nifty settles at 10512, Infosys rises 3%

The BSE Sensex closed 131.52 points, or 0.38%, up at 34,865.10, while the Nifty 50 ended 40 points, or 0.38%, higher at 10,512.50. Here are the highlights from the markets

Benchmark indices BSE Sensex and NSE’s Nifty 50 turned volatile as investors became cautious in the first week of second-quarter earnings amid negative cues from global markets. The rupee fell against the dollar, tracking losses in Asian currencies as crude oil prices gained. IT and pharma stocks witnessed healthy buying, whereas auto and banking stocks came under selling pressure

In global equities, stocks resumed a selloff in Asia and Europe while US equity futures pointed to declines on Monday, as growing tension between America and Saudi Arabia added to a list of investor concerns and drove up oil prices. Here are the latest updates from the markets. Oil prices rose as tension over the disappearance of a prominent Saudi journalist stoked supply worries.

3.36 pm IST
Closing bell: Sensex, Nifty close higher
The BSE Sensex closed 131.52 points, or 0.38%, up at 34,865.10, while the Nifty 50 ended 40 points, or 0.38%, higher at 10,512.50. The BSE mid and small cap indices advanced 0.62 and 1.37%, respectively.
Among the sectoral indices on BSE, healthcare and IT gained most at over 2% followed by teck and telecom, which gained over 1%. Consumer durables, auto, consumer discretionary goods, bankex, capital goods and metal fell.
Infosys, ITC, ONGC, Dr. Reddy’s and Hindalco were among the top gainers on key indices, whereas Hindustan Unilever, HPCL, M&M and ICICI Bank were among the major gainers.
Meanwhile, FPIs on Friday sold shares worth a net of Rs 1,322 crore, while DIIs purchased equities worth a net of Rs 1,287 crore, provisional data showed.

source: livemint.com

Categories:   Indian Stock exchange, Indian Stock Market, Indian Stock Pick, Primary Market

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