1. Home
  2. Business
  3. Sensex, Nifty rise for the third consecutive day led by Reliance Industries, L&T

Sensex, Nifty rise for the third consecutive day led by Reliance Industries, L&T

By Ruchi Upadhyay 
Updated Date

Mumbai: The Indian equity benchmarks gained for third day in a row on Thursday led by gains in index heavyweights like Reliance Industries, ITC, Larsen & Toubro, Infosys, Asian Paints, Bajaj Finance and Mahindra & Mahindra.

Also Read :- Adani, L&T among firms keen to build Polar Satellite Launch Vehicle (PSLV): Govt

The benchmarks fluctuated between gains and losses for most part of the day owing to volatility as weekly index futures and options expired, analysts said. The Sensex traded in a band of 549 points and Nifty 50 index touched an intraday high of 17,543 and low of 17,380.

The Sensex ended 157 points higher at 58,807 and Nifty 50 index advanced 47 points to close at 17,517.

“Worries on the inflation front are definitely weighing on the banking stocks today, considering they could react sharply to inflation data,” Gaurav Garg, head of research at CapitalVia Global Research told news agency Reuters.

Eight of 15 sector gauges compiled by the National Stock Exchange ended lower led by the Nifty Bank index’s over 0.5 per cent decline. Nifty Financial Services, IT, Private Bank, Realty, Healthcare and Consumer Durable indices also fell between 0.2-0.5 per cent.

Also Read :- Stock Market crash: In the midst of Russia-Ukraine crisis 8 lakh cr investors drowned in few minutes

On the other hand, Nifty Metal, Oil & Gas, Media, FMCG and Healthcare shares witnessed buying interest.

Mid- and small-cap shares outperformed their larger peers as Nifty Midcap 100 index advanced o.65 per cent and Nifty Smallcap 100 index gained 1.3 per cent.

Further reading:
For the latest news and reviews, follow us on Facebook, YouTube and Twitter पर फॉलो करे...