The Nifty rose
on Monday to a third consecutive record high, while the Sensex surpassed 26,000
points.
Technology
stocks led the gains, with the BSE IT index closing 2.63 percent higher ahead
of Infosys kicking of the April-June earnings season on July 11. Infosys rose
3.07 percent, while Tata Consultancy Services Ltd gained 3.24 percent.
Healthcare
stocks gained as investors tried to de-risk their portfolios by adding
defensive stocks. Dr Reddy's Laboratories Ltd rose 1.94 percent, while Sun
Pharmaceutical ended 1.93 percent higher.
Energy stocks gained with Tata Power Co Ltd up 3.7 percent and
Bharat Heavy Electricals Ltd ending 0.74 percent higher on hopes that the power
sector would get better treatment in the budget.
However, gains were limited as investors trimmed
positions in banking, and oil and gas stocks. ICICI Bank closed 0.8 percent
lower, while Oil and Natural Gas Corp ended down 1.5 percent.
For more visit : www.capitalheight.com
No comments:
Post a Comment