Indices reverse losses to end higher, Nifty reclaims 10,900

Sliding back the early declines, key benchmarks overturned the markets on Tuesday, led by buying in pharma, auto, metal and financial stocks. The BSE Sensex ended at 36,347.08, up 77 points, whereas 50-scrip Nifty reclaimed the key 10,900 level to end the day at 10,908.70, up 20.35 points in trade.

Today’s rally was led by Sun Pharma, which soared 2.80%, while Bajaj Finance, JSW Steel, Vedanta and Mahindra and were the other top gainers on the Nifty.

Zee Entertainment lost the most, down by 8.40 percent followed by other losers namely UPL, Infosys, TEchMahindra and Wipro in sequence.

The Nifty PSU Bank index gained for the sixth straight session rising up by 1.26 percent, led by Union Bank, Bank of India, Syndicate Bank, Indian Bank were in the rage of 2.5% to 3% in trade.

Nifty Media index is the top sectoral loser shedding 3.98 percent while IT index down by near 1 percent with IT bellwethers NIIT Technologies, Mindshare and Infosys facing selling pressure.

Among specific stocks, Ashoka Buildcon Ltd ended up 2.74% to Rs 131.10 on NSE after the company informed bourses that it has raised Rs 1.50 bn from Morgan Stanley Infra for its gas distribution biz.

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