Nifty, Sensex Recoup Losses; end in green.
The markets edged up during the close of trading with the benchmark indices clawing back into positive territory after staying volatile all day as traders squared off positions ahead of the April derivatives series expiry on Thursday. The markets are closed tomorrow for Mahavir Jayanti.
The 50-share NSE Nifty closed at 5,836.90, up 2.50 points, or 0.04 per cent while the 30-share BSE Sensex ended the day at 19,179.36, up 9.53 points, or 0.04 per cent.
It was a good day for tech stocks which have recently witnessed profit-taking coupled with creation of huge short positions on muted or weak guidance or disappointing results. Wipro, which fell more than 11 per cent yesterday, traded in the green all day to close at Rs. 342.75, up 1 per cent. Infosys gained 0.79 per cent and TCS closed 0.31 per cent higher.
Banking major HDFC Bank, which met forecasts with a 30 per cent rise in quarterly profit led by higher loan growth, fee income and stable asset quality, fell 1.41 per cent on profit booking.
Hero MotoCorp was the top gainer on the Sensex, ending at Rs. 1,572, up 2.87 per cent, followed by Sun Pharma (2.48 per cent), Bajaj Auto (2.40 per cent) and RIL (1.74 per cent)
Jindal Steel was the top index loser (3.76 per cent), followed by L&T (2.04 per cent), State Bank of India (1.61 per cent) and HDFC Bank (1.41 per cent)