Benchmark Sensex rose for the fourth session today to perch near its all-time peak, powered by a sharp rally in IT bellwether TCS following strong quarterly results.
Rising for the third day, the BSE Sensex surged 305 points to recapture the 36,000-level while the NSE Nifty closed well above 10,900 today as participants wagered on robust corporate earnings.
The Sensex rebounded over 83 points to close at 35,657.86 in volatile trade today, led by gains in auto, realty, capital goods and energy stocks.
Benchmark Sensex gave up early gains to end 115 points lower at 35,432.39 today on losses in healthcare, capital goods, metal and auto stocks.
The reshuffle of the S&P BSE Sensex composition effective from June 18 will hit sectors like healthcare, private banks, technology, consumer and auto, a report said.
Interest rate-sensitive bank, auto and realty stocks rose by up to 3.5 per cent today following the policy rate hike by the Reserve Bank after a four-year pause.
Indian shares edged lower on Friday as losses in financials offset gains in auto stocks, with investor focus shifting to the progress of seasonal rains.
The NSE Nifty extended its rally for the second straight session, rising by 91 points to 10,605.15 on broad-based buying mainly in metal, auto, media and energy.
Reversing a five-session slide, benchmark Sensex rose over 35 points to end at 34,651.24 in see-saw trade today as participants accumulated recently beaten down auto, metal, banking and realty stocks.
NSE Nifty was down 0.09 percent at 10,729.60 as of 0552 GMT, while the benchmark BSE Sensex was 0.02 percent higher at 35,169.13.