Indian benchmark indices closed the session with strong gains with the Nifty touching the session around 10,850-mark, led by gains in Axis Bank, ITC and Tata Motors on both indices. Banks, Auto, Financial service, FMCG, Pharma, IT led the sectoral Read more
Looking to the Nifty bank index Wednesday, however, Bank of Baroda shares fall 3.04 percent at Rs 119.55 per share, Dena Bank declines 0.56 percent at Rs. 17.90 per share while Vijaya Bank adds 0.30 percent up at Rs. 51.05 per share.
The construction arm of Larsen & Toubro Limited (L&T) has bagged a prestigious orders worth 2,357 Crore in Andhra Pradesh and Madhya Pradesh in the water and effluents treatment segment. Read more Reacting positively to the development of the company, Read more
Among sectors, maximum rise was seen among banks and infrastructure, while IT and pharma lost the most.
Sectorally, IT index soared by 5 percent, Energy space rose by 3.8 percent, Media and FMCG index gained by 3 percent each, Auto sector rose by 1.5 percent.
This stock rally was after the company informed the Exchanges on Thursday that the income tax officials have left their offices and the company resumed its day-to-day operations.