Equity benchmark indices continued their growth a seventh consecutive day led by gains in IT, metal and bank stocks. The NSE Nifty50 index closed at 10,481 up 22 points, or 0.21%, while BSE Sensex closed 92 points, or 0.27%, up at 34,193.
Nifty started on optimistic note, in response to the latest macro-economic data such as Index of Industrial Production and the inflation based on consumer price index showing an encouraging landscape of the economy.
As major Gainer on BSE, Adani Ports rose 2.66 percent followed by Wipro (up 2.28 %), Kotak Mahindra Bank (up 1.69 %) and Coal India (1.57%).
On the Flip side, the Bankers viz., SBI, Axis Bank and YES Bank remained the top laggards in the Sensex, shedding up to 1.22%.
Nifty IT Index gained 0.70% with Tech Mahindra (+2.79%), Wipro (+2.13%), Mindtree (+1.98%), KPI Technology (+1.17%), Infibeam (+1.35%), Oracle Financial Services Software (+0.77%) and Infosys (+0.46%).
Oil stocks falls after crude trades above USD 70, with BPCL (-3.02%), Hindustan Petroleum (-1.10%), Indian Oil Corpn (-1.55%).
Shares Infosys gained moderately as investors awaited its March quarter earnings. The stock rose 0.58 percent to Rs 1,169.00