Sensex Ends 393 Points Higher; Infosys And TCS Among Top Nifty Gainers

Indian share markets witnessed positive trading activity throughout the day today and ended higher.

Benchmark indices edged higher in today's session, tracking firm cues from global peers and helped by gains in IT and metal stocks.

At the closing bell, the BSE Sensex stood higher by 393 points (up 0.8%).

Meanwhile, the NSE Nifty closed higher by 104 points (up 0.7%).

Infosys and TCS were among the top gainers today.

Reliance Industries and Coal India, on the other hand, were among the top losers today.

The SGX Nifty was trading at 15,845, up by 52 points, at the time of writing.

The BSE MidCap index and the BSE SmallCap index ended down by 0.5% and 0.2%, respectively.

Sectoral indices ended on a mixed note with stocks in the IT sector, metal sector, and banking sector witnessing most of the buying interest.

Energy and oil & gas stocks, on the other hand, witnessed selling pressure.

Shares of Greaves Cotton and Indian Hotels hit their respective 52-week highs today.

Asian stock markets ended on a positive note today.

The Nikkei and the Shanghai Composite ended the day on a flat note today, while the Hang Seng ended up by 0.2%.

US stock futures are trading on a positive note today with the Dow Futures trading up by 168 points.

The rupee is trading at 74.16 against the US$.

Gold prices for the latest contract on MCX are trading down by 0.2% at Rs 46,972 per 10 grams.

In news from the pharma sector, Orchid Pharma was among the top buzzing stocks today.

Shares of Orchid Pharma were locked in a 10% lower circuit at Rs 1,187.9 per share on the BSE today as the company's two-day stake sale through an offer for sale (OFS) began today.

The floor price for the offer has been fixed at Rs 375 per share.

Dhanuka Laboratories, one of the promoters of Orchid Pharma, proposed to sell in aggregate up to 3.3 m equity shares, representing 8% of the total equity share capital of the company.

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Disclosure: Equitymaster Agora Research Private Limited (Research Analyst) bearing Registration No. INH000000537 (hereinafter referred as 'Equitymaster') is an independent equity research ...

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