Post Session: Sensex extends rally, Nifty closes above 9,900; Wipro up 3% 17/07/2017 16:19

The Indian equities kicked-off week on positive note, with 50-shares Nifty closing above 9900 for the first time ever on Monday, tracking firm cues from Asian peers. IT and Teck stocks ended higher helped by rally in index heavyweights such as Infosys and Wipro. Infosys shares ended up over 1 per cent after IT major reported a 3.3 per cent year-on-year drop in net profit at Rs 3,483 crore for the first quarter ended June 30, 2017. The company, however, continued to maintain its constant currency revenue growth guidance of 6.5 to 8.5 per cent. Wipro emerged as top gainers after the company announced that its board would consider share buyback.

The 30-share barometer SENSEX closed at 32074.78, up by 54.03 points or by 0.17 per cent, and the NSE Nifty ended at 9915.95, up by 29.6 points or by 0.3 per cent.

During the day’s trade, Sensex touched an intraday high of 32131.92 and intraday low of 32037.21, while the NSE Nifty touched intraday high of 9928.2 and intraday low of 9894.7.

On the sectoral front, realty and metal stocks emerged as top gainers, rising as much as 1.28 per cent and 0.97 per cent respectively.

The top gainers of the BSE Sensex pack were Wipro Ltd. (Rs. 267.60,+3.12%), Adani Ports & Special Economic Zone Ltd. (Rs. 381.60,+1.81%), ICICI Bank Ltd. (Rs. 303.05,+1.69%), Cipla Ltd. (Rs. 555.90,+1.56%), Infosys Ltd. (Rs. 985.35,+1.37%), among others.

On the flip side, ITC Ltd. (Rs. 325.75,-3.40%), Coal India Ltd. (Rs. 247.20,-1.34%), Dr. Reddy's Laboratories Ltd. (Rs. 2685.00,-0.72%), Axis Bank Ltd. (Rs. 510.95,-0.42%), Maruti Suzuki India Ltd. (Rs. 7525.55,-0.41%), were among the top losers on the BSE.

The Market breadth, indicating the overall strength of the market, was flat. On BSE out of total shares traded 3042, shares advanced were 1412 while 1464 shares declined and 166 were unchanged.