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Sensex, Nifty end higher for 3rd day in volatile trade

Sensex, Nifty end higher for 3rd day in volatile trade

Selling pressure in IT, banking and tech stocks, coupled with broadly negative global cues, trimmed gains, said market observers. The 50-share Nifty edged 28.15 points or 0.27 per cent higher to end at 10,326.90 due to strong pharma, IT and telecom stocks. The 30-share benchmark index closed 118.45 points or 0.36 per cent higher at 33,478.35 after getting a boost from the pharma stocks.

Indian shares closed higher for the fourth straight session on Tuesday, led by gains in Reliance Industries Ltd and pharmaceutical stocks.

The S&P BSE Sensex rose 0.36 percent at 33,478 while the broader NSE Nifty advanced 0.27 percent to 10,326.

The BSE market breadth was bullish - 1,455 advances and 1,243 declines.

More news: Russia Confirms Radioactivity Emanating From Southeastern Urals

Sector-wise, the S&P BSE consumer durables index surged by 404.07 points, followed by healthcare index by 241.83 points and oil and gas index by 132.55 points.

Provisional data with the exchanges showed that foreign institutional investors sold scrips worth Rs 727.01 crore, while domestic institutional investors purchased scrips worth Rs 825.50 crore.

Among the top Sensex gainers, Dr. Reddy's rose 5 percent, Cipla advanced 2.3 percent, Sun Pharma added 4.2 percent while NTPC rose 1.6 percent.

On the other hand, Coal India (1.51%), ITC (1.08%), Power Grid Corporation Of India (1.03%), Tata Consultancy Services (1.02%), Kotak Mahindra Bank (0.77%), and State Bank Of India (0.69%) were the major losers in the Sensex.


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