Benchmark indices rebounded sharply after falling in previous two
straight sessions, driven by banking & financials, and index heavyweight
Reliance Industries.The Nifty Midcap index also gained over a percent but the market
breadth was not so great.About 1,377 shares advanced against 1,286 declining shares on
the BSE.NTPC, Reliance Industries, SBI, Vedanta and Bajaj
Finance were leading gainers among Nifty50 stocks, rising 3-4 percent
while Tech Mahindra, IOC, UPL, Infosys and Wipro lost
0.6-2.4 percent.Nifty Bank index jumped
601 points or 2.05 per cent to end at a record high of 29,882.15, with all the
12 constituents ending in the green.
BUZZING STOCKSReliance
Industries (RIL) jumped 3.16 per cent to Rs 1,367 apiece on BSE after its unit
Reliance Retail (RRL) acquired consumer goods company ITC’s menswear brand John
Players.Pidilite Industries hit
a record high of Rs 1,239, up 5 per cent, in intra-day trade on the BSE on the
expectation of healthy earnings growth. The stock, eventually, ended at Rs
1,227, up 4 per cent.Jet Airways ended over 6
per cent higher at Rs 271 apiece on BSE after Naresh Goyal, the Promoter and
Chairman of Jet Airways, along with his wife, Anita Goyal stepped down from
their positions in the board. Etihad Airways nominee Kevin Knight has quit the
board too.
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