Power, bank and auto sector stocks hogged the limelight
even as the RBI maintained status quo in its monetary policy
review yesterday.
After two sessions of losses, the
benchmark Sensex recovered almost 173 points and the NSE Nifty
retook the 8,800-mark in early trade today on fresh spell of
buying by participants.
Power, bank and auto sector stocks hogged the limelight
even as the RBI maintained status quo in its monetary policy
review yesterday.
Furthermore, encouraging quarterly earnings by a few more
companies and a better trend at other Asian bourses too
influenced sentiments.
The 30-share index was trading higher by 172.52 points or
0.61 per cent, at 28,462.44.
The gauge had lost 149.36 points in the previous two
sessions.
Also, the NSE Nifty rose 52.35 points or 0.59 per cent
to 8,821.40.
Brokers said fresh buying, spread over a broad-front
by retail investors and funds amid a mixed trend at other
Asian bourses mainly influenced trading sentiments.
Stocks of pharma major Cipla Ltd spurted by Rs 10.05
cent to Rs 613 after the company yesterday reported 43.85 per
cent jump in consolidated net profit at Rs 374.83 crore for
the third quarter ended December 31, 2016.
Shares of Hero MotoCorp rose 0.97 per cent at 3,254.95
despite the company posting a decline of 2.6 per cent in
standalone net profit to Rs 772.05 crore in the
October-December quarter, mainly on account of demonetisation.
The rupee too went past its three-month high in early
trade today to 66.95 against the dollar.
In the Asian region, Hong Kong's Hang Seng was up 0.21
per cent, while Shanghai Composite Index was up 0.38 per cent
in early trade today. Japan's Nikkei shed 0.19 per cent.
(This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)
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