Reported By:
| Edited By: Sachin P Mampatta |Source: DNA |Updated: Mar 16, 2018, 05:56 AM IST
The markets exhibited some strength going into a truncated trading week with a gap-up opening of over 100 points on the Sensex. Analysts remained cautious suggesting that
that there would be no sharp run-up although in the long term the market is likely to continue its strong performance.
The markets were closed on Monday due to Dussera and will be closed on Friday due to Gandhi Jayanti.
The Nifty went past the 5000 mark as it gained 47.90 points or 0.97% to close at 5006.85. Advances were seen in 29 of the 50 companies that make up the National Stock Exchange's bellwether index.
Of these, Sun Pharma gained the most, up by 5.53%. It went up to Rs1380.70 by the end of the day. Cipla, another one from the pharma bracket went up 4.73% to go up to Rs279.85. TCS, ONGC and ICICI Bank were the other gainers among the Nifty pack.
On the losing side, Ranbaxy and BPCL were down 2.46% each. They closed at Rs 399.65 and Rs567 respectively. Jindal Steel, Unitech and SBI also lost over 2% each.
On the Bombay Stock Exchange's Sensex, the rise was an equivalent 159.91 points to close at 16852.91.
The index had opened with a gap up opening of 130 points. It briefly hit a low of 16,802.80.
IT was the top gainer of the day, it rose 2.26%. Healthcare and TECk were up 1.63% and 1.59% respectively. Realty was the only sector to end with losses, going down 0.65%.
