Asian stocks closed narrowly mixed. Indices in Hong Kong, Singapore and Taiwan closed higher while South Korea ended lower. China and Japan markets were closed.
However, European markets were trading lower in their afternoon deals on profit-booking after yesterday's rally. The CAC was down by 0.54 per cent, the DAX by 0.28 per cent and the FTSE by 0.13 per cent.
From the Sensex pack, 16 shares closed with losses while 14 scrips ended with gains. Dr Reddy's Lab was the top gainer with a rise of 2.35 per cent, followed by Bharti Airtel (1.99 pc), ONGC (1.95 pc), RIL (1.51 pc), Infosys (1.24 pc), TCS (1.24 pc), SBI (0.93 pc) and Wipro (0.93 pc).
However, Tata Power declined by 1.39 per cent, followed by Sun Pharma (1.09 pc), Maruti Suzuki (0.95 pc), Hero Motocorp (0.87 pc), HDFC Bank (0.72 pc) and ITC (0.70 pc).
Among sectoral indices, the BSE-Oil&Gas rose by 1.37 per cent, followed by BSE-Teck (1.32 pc), BSE-IT (1.10 pc) and BSE-Realty (1.09 pc). However, BSE-FMCG eased by 0.50 per cent, BSE-CD by 0.38 per cent and BSE-CG by 0.38 per cent.
Outside broader indices, shares of Manappuram Finance and Muthoot Finance were up sharply on a RBI panel's proposal that gold loan firms be allowed to lend 75 per cent against the value of gold pledged compared to 60 per cent now, said Milan Bavishi, Head Research, Inventure Growth & Securities.
Total market breadth remained positive as 1,713 stocks closed up while 1,263 shares finished lower. The total turnover was relatively higher at Rs 2,688.83 crore from Rs 2,510.23 crore yesterday. Foreign Institutional Investors (FIIs) bought shares worth a net Rs 1107.66 crore yesterday as per provisional data from the stock exchanges.
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