The key domestic indices closed slightly higher. Nifty IT, Nifty Media and Nifty Metal shares rose, while Nifty Consumer Durables and Nifty FMCG shares declined.

As per provisional closing data, the barometer index, the S&P BSE Sensex, added 413.66 points or 0.56% to 74,729.27. The Nifty 50 index edged higher by 148.80 points or 0.65% to 23,146.15. In the past three trading sessions, the Nifty and Sensex climbed by 1.87% and 2.32%, respectively.

The broader market underperformed the frontline indices. The BSE 150 MidCap Index moved higher by 0.05% and the BSE 250 SmallCap Index moved lower by 0.06%.

The market breadth was positive. On the BSE, 2849 shares gained and 2392 shares fell. A total of 233 shares were unchanged.

Tata Steel Ltd was the top traded stock in NIFTY50 index today, recording a quantity of 428.68 lakh shares and saw a sharp spurt of 98.38% compared to last one-week’s average daily volume. The stock has plunged around 3.95% in last one-month and has inched higher 1.82% over last one year.

HDFC Bank Ltd was the second highest traded stock in NIFTY50 index today, recording a quantity of 289.37 lakh shares and posted a sharp rise of 20.95% compared to last one-week’s average daily volume. The stock has inched higher by around 1.44% in last one-month and has lost significant ground 25.70% over last one year.

Index action

The Nifty IT index rallied 3.92% to 31924.1 today. The index has soared by 10.76% in last one week and has posted modest gains of 3.94% over last one month. It has lost 13.23% in last one year. Tech Mahindra Ltd (up 8.48%), Wipro Ltd (up 5.95%), Tata Consultancy Services Ltd (up 4.89%), Infosys Ltd (up 4.61%) and LTM Ltd (up 3.66%) rose.

The Nifty Media index gained 1.92% to 1648.25 today. The index has rallied by 5.39% in last one week and has climbed 7.53% over last one month. It is up around 5.06% in last one year. Tips Music Ltd (up 9.13%), Prime Focus Ltd (up 4.63%), Nazara Technologies Ltd (up 2.82%), Saregama India Ltd (up 2.30%) and Sun TV Network Ltd (up 1.41%) moved higher.

The Nifty Consumer Durables index slipped by 0.61% to 36247.95 today. The index has climbed by 2.40% in last one week and has drifted lower by 3.93% over last one month. It is down around 4.45% in last one year. Dixon Technologies (India) Ltd (down 2.57%), Voltas Ltd (down 2.18%), Blue Star Ltd (down 1.53%), LG Electronics India Ltd (down 0.70%) and PG Electroplast Ltd (down 0.52%) moved lower.

The Nifty FMCG index eased by 0.39% to 44616.15 today. The index has risen by 2.04% in last one week and has slipped by 0.09% over last one month. It is sharply lower by 18.19% in last one year. Britannia Industries Ltd (down 1.77%), Godrej Consumer Products Ltd (down 1.66%), Tata Consumer Products Ltd (down 1.27%), Nestle India Ltd (down 0.81%) and Colgate-Palmolive (India) Ltd (down 0.57%) moved down.

The Nifty IT index rose for a third session in a row today. Tech Mahindra Ltd (up 8.48%), Wipro Ltd (up 5.95%), Tata Consultancy Services Ltd (up 4.89%), Infosys Ltd (up 4.61%) and LTM Ltd (up 3.66%) advanced.

Global Markets

European markets edged higher.

DOW futures are trading a little higher by 0.05% today.

NIFTY50 futures closed marginally higher by 0.56% at 23113 and are in a discount of 33 points compared to NIFTY50.