Stock Market Live Updates: Sensex gains 350 pts, Nifty above 21,700 in early trade; IT sector in focus thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
The Nifty IT was the star performer, gaining more than 5 percent and formed strong bullish candlestick pattern on the daily charts after a breakout of downward sloping resistance trendline in the opening itself
Hero MotoCorp, Bajaj Auto, Reliance Industries, Axis Bank and BPCL were among the top Nifty gainers, while losers included Infosys, Dr Reddy s Laboratories, SBI Life Insurance, HUL and Wipro
The BSE benchmark Sensex rose 63 points or 0.09% to settle at 71,721. The NSE Nifty gained 28 points or 0.13% to end at 21,647. From the Sensex stocks, index heavyweight Reliance Industries surged 2.5%. UltraTech Cement, Axis Bank, IndusInd Bank and Power Grid also closed higher, while Infosys, HUL, Wipro, and L&T settled with cuts.