Stock
market in India continued to
witness strong buying momentum in the afternoon session on the back of value
buying in blue chip companies. ITC share price
and Tata Steel
share price finished up by 4% and 3.2% respectively.
Sentiments also remained positive amid firm European markets.
At the closing bell, the BSE Sensex stood higher
by 406 points, while the NSE Nifty finished up
by 125 points. The S&P BSE Mid Cap & the S&P
BSE Small Cap finished up
by 1.7% and 1.5% respectively. Gains were largely seen in FMCG sector, and
metal stocks. (Here is the list of BSE Gainers today.)
Bharti Airtel
share price finished the trading day up by 1.2%
on the BSE after it was reported that the company has given network
modernization and expansion contract worth over US$120 million to Swedish gear
maker Ericsson for Delhi.
The rupee was trading at 68.00 against the US$ in the afternoon session. At the time of writing this share market news, Oil prices were trading at US$ 53.21.
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