Recovering from morning losses, Indian share markets ended in profits with both the Nifty and Sensex closing in the green. Gains were emerged on expectation of stimulus package from govt for some specific sector took a toll on market rise.
Weakness in domestic currency added to the gains of stocks from the Tech and pharma stocks, with TCS, Infosys rising over one percent each. The IT major Infosys at intraday hit its one year high share price at Rs.809.95 on both the BSE and NSE.
At closing bell, the Sensex benchmark scaled up 228 points at 36,701-level, while NSE Nifty was up 88-points at 10,829-level.
IndusInd Bank, ITC, Eicher Motors, ICICI Bank and Kotak Bank were among major losers on the Nifty, whereas gains were led by Zee Ent, UPL, Vedanta, Yes Bank and, BPCL. Among sectors, barring Nifty Bank/Pvt Bank and FMCG, all the other indices are closed in green led by the Media, metal, auto, pharma, IT and Infra.
The rupee downward trend has helped IT stocks jump 1.18% with final gains in Tata Elxsi, OFSS and Mindtree, which gained between 2.4% to 7.29% in range.
Yes Bank stocks gained 5.60%on reports that the PSU lender will raise an further USD1.2 billion.
For the week, both the Nifty& Sensex settled in the negative territory for second consecutive week down 2pc each.