At the close, the benchmark 30-share index, BSE Sensex added 216.98 or 0.68% at 32,245.87 with 18 components posting rise. Both Sensex and Nifty had seen a plunge last week after seeing record highs. The wider Nifty of the National Stock Exchange (NSE) neared the 10,000-level and closed at 9,966.40 points. The shares of Avenue Supermarts, the operator of D-Mart retail chain, gained 5.5 per cent after reporting that its Q1 net profit increased 47.7 per cent at Rs 174.7 crore as against Rs 118.4 crore in the same quarter past year.
Buying in heavyweights of energy, FMCG, financials, IT and consumer durable sectors lifted the key indices on better than expected financial results, brokers said.
The benchmark BSE Sensex resumed higher at 32,100.22 and moved between all time high of 32,232.63 and a low of 32,058.33 in morning trade. RIL Chairman Mukesh Ambani also announced bonus shares in 1:1 for its shareholders. On Tuesday, key indices fell, as the market heavyweight ITC dropped more than 12 pct, after the GST council chose to increase the cess on cigarettes. Lupin gained 2 per cent followed by Wipro and Reliance Industries.
BHP Billiton Limited (NYSE:BHP) Raised to "Strong-Buy" at BidaskClub
If you are accessing this article on another domain, it was stolen and reposted in violation of global copyright & trademark law. BHP increased production at its Western Australian Iron Ore (WAIO) operations by 4 per cent in the 2017 financial year.
Indian shares ended at a record closing highs on Wednesday, buoyed by solid company results and higher global markets.
Finally, by the close of the week, the key indices were within touching distance of their record highs registered on Monday.
Among the top gainers from the trade were Fortis Healthcare, Tata Sponge, Vijaya Bank, HPCL and Amtek Auto, registering an eight percent growth.