Market Close: Sensex:17707(+84pts) Nifty:5368(+33pts)Top Gainers:Relinfra,Hindalco,JP Asso,GAIL,Top Losers:Bharti,ICICI Bk,ONGC,SAIL
The market recouped its losses led by metals, technology, capital goods stocks and index heavyweight Reliance Industries. However, the fall in Bharti, ONGC and ICICI Bank capped the upside. The Sensex rose 117 points to 17,739 and the Nifty gained 43 points at 5,378.
Shares of Bharti Airtel dropped more than 6% after dismal performance in bottomoline for Q3FY12.
ONGC remained under pressure, falling more than a percent even after posting a better than expected numbers due to royalty.
Private banks like ICICI Bank and HDFC Bank were down 2% & 0.6%, respectively.
However, metal stocks like Coal India, Jindal Steel and Sterlite rose 1-3%. Hindalco shot up 5%.
Reliance Industries, Infosys, TCS, HDFC, SBI, L&T and HUL gained 0.6-1.6%.
On the global front, European markets were moderately higher on hopes that Greece debt deal may get approved today.
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