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Sensex up over 300 points, Nifty above 10,200; shares of SBI, ICICI Bank, RIL gain

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Key benchmark indices clocked modest gains on Thursday with the BSE Sensex closing 305 points higher at 33,351.57 and NSE Nifty closing at 10,235.95. 

Shares of State Bank of India, Icici Bank, Adani Ports, Reliance Industries and Mahindra and Mahindra rose over 2% each. Shares of telecom sector rose by up to 5 percent on BSE in intra-day deals after the Union Cabinet on Wednesday eased various spectrum norms in the space. 

In Nifty constituents, ICICI bank and Adani Ports were among toppers, whereas shares of Tata Steel, Sun Pharmaceuticals, GAIL India, Yes Bank and Aurobindo Pharma closed in the red, by over 1% each. Bank Nifty regained close to 400 pts from the low point of the day closing 1.42 percent higher. 

Most realty stocks advanced. Oberoi Realty (up 3.92%), Sobha (up 2.25%), DLF (up 1.53%), Godrej Properties (up 0.62%), Indiabulls Real Estate (up 0.58%) and Unitech (up 0.46%) gained. However, HDIL (down 3.42%) and Prestige Estates Projects (down 0.60%) dropped. 

Asian shares jumped on optimism that US President Donald Trump’s plan to set up heavy tariffs on steel & aluminium imports could exclude some key partner countries.

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Sensex up over 300 points, Nifty above 10,200; shares of SBI, ICICI Bank, RIL gain


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