Buying interest in metal, information technology, auto, industrials and telecom shares supported the up move in domestic equity markets. However, late selling pressure in banking shares weighed on the upward movement and the Sensex and Nifty came off intraday high levels.
The S&P BSE Sensex rose 164.27 points or 0.42 per cent to close at 38,837.18 and the NSE Nifty 50 Index advanced 45 points to shut shop at 11,669.
Six of 11 sector gauges compiled by the National Stock Exchange ended lower led by Nifty Realty Index's 0.87 per cent decline. Nifty Private Bank, Nifty Bank, Financial Services, and Media indexes also dropped over 0.5 per cent each. On the flipside, Nifty Metal Index was top gainer, up 1.8 per cent. Information Technology and PSU Bank sector gauges also rose over 1 per cent each.
Mid- small-cap shares also saw buying interest as the Nifty Midcap 100 Index rose 0.28 per cent and the Nifty Smallcap 100 Index advanced 0.95 per cent.
Tata Motors was top gainer in the Nifty 50 basket of shares, the stock rose 7.5 per cent to Rs. 187.30. Hindalco, Bharti Airtel, Wipro, Maruti Suzuki, Tata Steel, Vedanta and Reliance Industries were also among the gainers. On the other hand, Zee Entertainment, UPL, Eicher Motors, Indian Oil, IndusInd Bank, Indiabulls Housing Finance, Axis Bank and Titan were among losers.
The overall market breadth was positive as 1,697 shares ended higher while 906 closed lower on the BSE.
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