Nifty, Sensex close at day-high, Realty stocks surge

Patrice Gainsbourg
Agosto 23, 2017

Equities showed renewed strength for the second day today after the Sensex closed over 276 points higher, fuelled by Infosys and Dr Reddy's, in line with a firming global trend amid buying push from domestic investors.

The benchmark S&P BSE Sensex closed at 31,568.01, 276.16 points or 0.88 percent up compared to its previous close at 31,291.85.

Positive global cues and value buying lifted the key Indian equity indices - the NSE Nifty 50 and the BSE Sensex - higher during the mid-afternoon trade on Tuesday. The Indian rupee also opened on a strong note against the USA dollar. The broader NSE Nifty ended 0.11 percent higher at 9,765.55.

Around 3 p.m. Finance Minister Arun Jaitley announced that "in principle" approval has been granted by the Union Cabinet for the consolidation of state-run banks through mergers.

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Other big gainers were Tata Seel, Tata Motors, SBI, ICICI Bank, NTPC and Reliance Industries, rising up to 2.28%. It reached a high of 31,460.38 in the morning session.

"Gains in European and Asian bourses helped the main indices to settle with marginal gains".

On the currency front, the Indian rupee closed on a flat note to 64.11 to a USA dollar from its Tuesday's close. The 30-share gauge had lost 536.61 points in the past two sessions, mostly dragged down by over 15 per cent plunge in the Infosys stock after Vishal Sikka's surprise resignation as CEO last Friday amid foreign fund outflows.

This is published unedited from the IANS feed.

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