(G.N.S) Dt. 12
Mumbai
After rallying nearly 400 points in morning trade, the 30-share BSE index pared most gains to end 84.31 points or 0.21 per cent higher at 40,593.80. NSE Nifty rose 16.75 points or 0.14 per cent to close at 11,930.95.
ITC was the top gainer in the sensex pack, spurting over 2 per cent, followed by Infosys, Asian Paints, HCL Tech, Maruti, PowerGrid, ICICI Bank and TCS.
On the other hand, Bharti Airtel, ONGC, HDFC Bank, IndusInd Bank and Bajaj Auto were among the laggards.
Traders said benchmark indices traded with a positive bias through the day, but market participants turned cautious after Finance Minister Nirmala Sitharaman’s press conference to announce the stimulus measures.
In a bid to stimulate consumer demand during the festival season and boost the economy, Sitharaman on Monday announced a payment of cash in lieu of LTC and Rs 10,000 festival advance to government employees.
She also announced additional capital spending and Rs 12,000 crore, 50-year interest-free loan to states to boost the economy that has been battered by the pandemic and the resulting lockdowns.
Stock exchanges in Europe were largely trading with gains in early deals.
International oil benchmark Brent crude was trading 1.38 per cent lower at $42.26 per barrel.
In the forex market, the rupee snapped its three-session winning run, slipping 12 paise to close at 73.28 against the US dollar.
