Mkts end higher eyeing F&O expiry

Nifty reclaims 8,350; IT shares among top gainers

Mumbai: Markets snapped a four-day losing streak to end higher on Wednesday as investors cautious ahead of expire of July derivative contracts on Thursday.

Sensex closed higher 104 points at 27,563 and Nifty ended up 38 points at 8,375. Meanwhile, the broader markets gained in tune with the index stocks with midcap and smallcap gaining 0.9 per cent and 0.8 per cent.

Experts say that the rebound in the Chinese stock markets boosted the investor sentiment globally including Indian markets. Also Indian rupee also reported higher against US dollar at 63.84, as against previous close of 63.91.

On sectoral front, the capital goods gained higher at 1.9 per cent followed by IT and Auto indices, while consumer durables reported lower 1.9 per cent. Form IT space the majors Wipro and Infosys share prices closed higher up to 2 per cent, however, TCS ended flat.

Engineering major L&T ahead of earnings gained 1.9 per cent, while BHEL up 2.4 per cent. On the news that oil companies lowering the aviation turbine fuel prices, Airline shares ended higher with Jet Airways gaining 19 per cent, SpiceJet closing up 2.4 per cent.

The gainers: Infosys, up 2.04 per cent at Rs 1,085.20; Maruti Suzuki, up 1.87 per cent at Rs 4,273.95; Lupin, up 1.83 per cent at Rs 1,638.75; BHEL, up 1.78 per cent at Rs 283.20; and Larsen and Toubro (L&T), up 1.75 per cent at Rs 1,789.65.

The losers: ITC, down 2.35 per cent at Rs 303.95; SBI, down 2.18 per cent at Rs 253.70, Reliance Industries, down 1.44 per cent at Rs 995.45, NTPC, down 1.17 per cent at Rs 135.25; and Gail, down 1.08 per cent at Rs 348.15.