CLOSING BELL
Dalal Street kicked off the week on firm ground as benchmark indices closed with decent gains on Monday. The positive sentiment was supported by strength in the rupee and strong traction in IT shares.
The BSE Sensex leaped around 500 points to the day's high but pared some gains to close 320 points higher at 60,942. Top index winners included Sun Pharma, HUL, TCS, Tech M, Infosys, SBI, Tata Motors, HCL Tech and Bharti Airtel, which gained 1-2 per cent.
The NSE Nifty rose 91 points to end at 18,119. Ultratech Cement was the top index drag, down over 4 per cent, followed by Grasim, NTPC, JSW Steel, Tata Steel and L&T.
In the broader markets, BSE Midcap index rose 0.4 per cent led by up to 7 per cent rally in Delhivery, Torrent Power, Persistent Systems, Tata Elxsi, Bajaj Holdings and AU Bank. The smallcap index trailed the market and closed 0.3 per cent down.
Sectorally, Nifty IT clocked around a 2 per cent gain, followed by nearly 1 per cent upmove in bank, auto, FMCG and pharma indices. Metals and realty were the only pockets to close lower.
Among stocks,
YES Bank tanked 8 per cent following disappointing Q3 result. Read in detail
here
BS SPECIAL: How to trade in Reliance Industries post Q3 results? Check key levels After evaluating the RIL shares on all three time frames; short-term, medium-term and long-term, it appears to be positive as long as it shields the support of Rs 2,200 levels.
Read here Q3 IMPACT: ICICI Bank best placed to face NIM shock; analysts see up to 44% upside Brokerages have applauded private lender ICICI Bank’s ‘super normal’ performance in the October-December quarter (Q3) of financial year 2022-23 (FY23), reiterating that the bank is best placed among large private peers to deliver growth, and absorb any macro/asset-quality shocks given healthy provisions and capital buffers.
Read more  "Sensex rises 320 pts, Nifty ends atop 18100; IT index up 2%, YES Bk down 8%")
