The Nifty and the Sensex ended the day higher again in trade, led by strong gains in HDFC Bank and IT stocks. In fact, the Bank Nifty saw sharp gains of nearly 2 per cent, which pulled the benchmark indices higher.
Heavyweights like Reliance Industries and Infosys too managed to end the day higher, which contributed to gains for the Nifty. Global cues too were strong with the European markets trading with gains of almost 1 per cent.
Shares in Britannia Industries was the top winner from the Nifty and ended higher by almost 5 per cent. Other stocks from the Nifty that rallied were Bajaj Finance, HCL Tech, Bajaj Finser and Tech Mahindra.
The Nifty closed the day with gains of 120 points at 11,000 points.
Zee Entertainment was weak in trade today. The Board is set to meet later this week to declare results. Software stocks once again saw solid buying support with Infosys, Wipro, HCP tech all among the gainers.
Muthoot Finance, which had slipped as much as 3 per cent in early trade, as the board decided to postpone a proposed stock split, managed to end the day higher.
Mahindra and Mahindra surged 10 per cent, after the board of the company announced a right issue.