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Markets Marginally Higher; IT Among Sectoral Gainers

Market Closed Negative on Wednesday , Metal Stocks gained

Stock markets closed with minor gains on Tuesday post a volatile session, led by bank and IT stocks. The BSE benchmark ended 85pts higher at 39,046, while the Nifty50 index of NSE added 19pts to end at 11,691. Nifty-Mid-cap & Small-cap indices falling 0.2 & 0.3% each

Vedanta, CoalIndia, Bharat petroleum, ICICI Bank and PowerGrid were among the top gainers on the Nifty50, while Indiabulls, YESBank, SunPharma, Hindalco and  AsianPaints were some major losers.

The Nifty Information Technology (IT) index gained 0.6%, Nifty Metal, up 0.5%. Banking&financial stocks also gained.  Among the losers, the NiftyPharma declined 0.7%, while the NiftyAuto lost 0.5% and the FMCG declined 0.4% for the day.

Jet Airways down over 40 after lenders moved bankruptcy for the airline to recover their dues.

HDFC AMC stock slipped over 6% and Jain Irrigation cracked 20% for the day.