Mumbai : The 30-share pack Sensex ended 14.61 points upwards or 0.03 per cent to 44,632.65 while its broader peer Nifty rose 20.15 points or 0.15 per cent to 13,133.90.
Approval of Covid vaccine in UK rekindled hopes of early eradication of virus and diffused nervousness in the markets as India VIX came down by about 5 per cent.
SBI cards jumped over 5 per cent after RBI barred rival HDFC Bank from issuing fresh cards.
HDFC Bank fell 2 per cent on RBI’s adverse orders.
Maruti Suzuki rose 7 per cent after positive management commentary. SBI rose 4 per cent after CLSA raised target to Rs 360.
Berger King IPO subscribed 7 times so far led by retail applications. Delta Corp went up 14 per cent after SC stayed taxes on gambling legal.
Among the blue chips, Maruti Suzuki was the biggest gainer, up 7.33 per cent to Rs 7,735. Among the other major gainers which rose more than 3 per cent were NTPC, ONGC, Hindalco, SBI, Bajaj Finserv, Asian Paints and UPL.
SBI Life Insurance was the biggest loser on Nifty followed by HDFC Bank which fell 2 per cent and 1.84 per cent respectively. TCS, Infosys, Bajaj Auto, M&M, HDFC and Bharti Airtel were the other losers.
Broader market indices witnessed buying and outperformed their headline peers.
Trident, SpiceJet, Indian Bank, Oberoi Realty, Tata Chemicals and Union Bank of India were the biggest gainers from Mid and Small cap indices rising in the range of 5 to 10 per cent.
On the other hand, Varun Beverages, Fortis Healthcare, Adani Gas, Vakrangee, Wockhardt Pharma and Aegis Chemcials were the major losers from the broader market space, declining in the range of 2 to 10 per cent.
Sector-wise, Nifty PSU bank rose 4.81 per cent, Nifty Metal and Media rose 2 to 3 per cent while Nifty Auto rose more than a per cent. Nifty IT and Nifty Private Bank were the top losers.
Investors would keenly watch the RBI policy meet tomorrow although experts said that RBI is more likely to keep the rates unchanged. The apex bank would also release loan growth, deposit growth and forex data reserves tomorrow.
