Friday 27 May 2016

Sensex, Nifty hold morning gains; Midcap outperforms, L&T falls

Bulls kept its control over Dalal Street as equity benchmarks maintained morning gains supported by pharma, technology, select oil & banks stocks. Asian markets were mostly higher ahead of cues from US Federal Reserve chief Janet Yellen on rates.




The 30-share BSE Sensex gained 169.26 points or 0.64 percent at 26535.94 and the 50-share NSE Nifty rose 57.50 points or 0.71 percent to 8127.15.The broader markets outperformed benchmarks with the BSE Midcap index rising 1.4 percent.

About 1375 shares advanced against 846 declining shares on Bombay Stock Exchange.

Reliance Industries, Infosys, Sun Pharma, ICICI Bank, Lupin, Adani Ports and SBI gained 1-4 percent while L&T, ITC, Axis Bank, ONGC and NTPC fell around a percent.

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