The benchmark indices ended the session on a positive note, with the Sensex holding on to Key level 31,000 and the Nifty at 9,600 in a range-bound trading session.
On Closing, the BSE Sensex rose 50.12 points or 0.16% at 31,159.40, while the Nifty50 index advanced 19.65 points or 0.18% at 9,624.55. Hopes of timely arrival of monsoon rains supported small gains on the exchanges. The market breadth was negative with 1,232 advances against 1,452 declines, while 155 shares were unchanged.
NTPC, Aurobindo Pharma and Adani Ports were the major gainers, while Power Grid Corp, BPCL, BHEL and ITC lost the most.
Stocks of Aurobindo Pharma climbed 13.4 percent, posting its biggest intraday gain in over 3 years. Pharma stocks had a field day, showing strength after days of corrective phase. Reliance Infrastructure, Reliance Capital, Reliance Defence and Reliance Power gained 1 to 3 percent in today’s trade.
Overseas, European geopolitical worries sapped risk appetite, weighing on Asian stocks and lifting safe havens including the Gold and Yen.
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