Nifty Closes Up on IT Buying; RIL Falls 2.61% As AGM Commences

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Nifty Closes Up on IT Buying; RIL Falls 2.61% As AGM Commences
Credit: © Reuters.

By Aditya Raghunath

Investing.com -- Heavy buying in IT stocks took the Nifty 50 and BSE Sensex 30 up 0.66% and 0.74% respectively. Nifty reclaimed the 15,700 mark in style and is now at 15,790. Market experts say if it can sustain these levels and consolidate over the next few sessions, it can hit 16,000 – 16,100 levels.

Infosys Ltd (NS: INFY ) and Tata Consultancy Services Ltd. (NS: TCS ) led the winners’ list closing up 3.52% and 3.33% respectively. JSW Steel Ltd (NS: JSTL ), Tech Mahindra Ltd (NS: TEML ) and Larsen & Toubro Ltd (NS: LART ) gained over 2% each. Nifty Bank also gained momentum today to close up 0.73%.

Reliance Industries Ltd (NS: RELI ) led the losers’ list, closing down 2.61% while Indian Oil Corporation Ltd (NS: IOC ) and Coal India Ltd (NS: COAL ) lost over 1% each.

Mukesh Ambani unveiled a Rs 75,000 crore new green energy business plan over the next three years. Adani (NS: APSE ) Green Energy Ltd (NS: ADNA ) dropped 2.89% today after the announcement. Investing.com has reported about RIL’s AGM today.

Asian markets ended mixed today. Nikkei 225 and the Shanghai Composite closed up less than 0.01% each while KOSPI 50 closed up 0.12%.

US stocks are seen opening higher Thursday, rebounding from losses during the previous session, amid optimism over the economic recovery. At the time of this report Dow Jones 30 Futures were up 0.57%, S&P 500 Futures were 0.5% higher and Nasdaq 100 Futures climbed 0.6%

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  • Thiru Samy @Thiru Samy
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    Like 0
  • Thiru Samy @Thiru Samy
    tomorrow onwards reliance industries stock moving your personal advice sir your expectations tell me sirthank you
    Like 0

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