Largely positive trend in global equity and foreign capital inflows supported the domestic equity markets
Largely positive trend in global equity and foreign capital inflows supported the domestic equity markets
The benchmark BSE Sensex rose 130 points on August 12, following gains in major indices Reliance Industries, ICICI Bank and Tata Steel ahead of the release of inflation and factory output data.
Recovering from its early losses, the 30-share BSE index ended 130.18 points or 0.22% higher at 59,462.78 in limited trade.
The broader NSE Nifty closed 39.15 points or 0.22% higher at 17,698.15.
Traders said a positive trend in global equity markets and foreign inflows also supported the domestic equity markets.
However, IT and healthcare stocks kept pressure on the indices.
Brokers said investors picked up fundamentally strong stocks ahead of the release of IIP (Index of Industrial Production) and Consumer Price Index (CPI) inflation data after market hours on Friday.
NTPC was the top gainer in the Sensex pack, rising 3.26 per cent, followed by Tata Steel, PowerGrid, ICICI Bank, Reliance Industries, SBI and ITC.
On the other hand, Infosys, Maruti, L&T, Tech Mahindra, Sun Pharma and HUL were among the laggards, falling 1.56%.
Elsewhere in Asia, shares in Hong Kong, Tokyo and Seoul ended higher, while Shanghai closed in the red.
Equities in Europe were trading higher in mid-session deals.
Foreign institutional investors (FIIs) were net buyers in the Indian capital market as they bought shares worth Rs 2,298.08 crore on Thursday, according to exchange data.
Meanwhile, international oil benchmark Brent crude was trading 0.40% higher at $100 a barrel.