Moneycontrol
Last Updated : May 09, 2018 05:05 PM IST | Source: Moneycontrol.com

Markets@Moneycontrol: Nifty, Sensex end with positive bias as OMCs take a hit

A recovery in banks, cements, TCS and RIL pushed up indices in the last couple of hours of trade

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Gains in metals, IT and banking names helped the market close on a positive note with the Sensex ending over 100 points higher while the Nifty managed to end above 10,700.

The day began on an absolutely flat note and indices were trading in the red for a brief period. But a recovery in banks, cements, TCS and RIL pushed up indices in the last couple of hours of trade. This is despite tepid global cues as oil prices touched USD 76 a barrel mark following US President Donald Trump’s announcements.

In case of sectors, IT, metals, bank and energy names held the market higher, while PSU banks, pharmaceuticals, and FMCG were a drag. Midcaps, meanwhile, continued its lower streak, with the Nifty Midcap index ending over half a percent lower.
The Sensex was up 103.03 points at 35319.35 while the Nifty was up 23.90 points at 10741.70.

For more, watch the Markets@Moneycontrol show as Moneycontrol correspondent Uttaresh Venkateshwaran talks to Anchal Pathak about what moved the markets today.
First Published on May 9, 2018 05:05 pm
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