Equity benchmarks remained in a consolidation mode. The Sensex was up 4.67 points at 27990.21 and the Nifty up 3.45 points at 8632.60. Idea Cellular surged nearly 8 percent on hopes of merger with Vodafone.
Technology and telecom stocks gained strength whereas FMCG, infra and auto stocks were under pressure. Idea Cellular surged nearly 7 percent on hopes of merger with Vodafone. Tata Power shed more than 3 percent after reporting a 76 percent degrowth in Q1 profit on account of one-time loss.
Stock Market Closing Bell
ABR CLOSING BELL:
NIFTY FUT – 8655.00,+33.45
BANKNIFTY FUT – 19394.00,+72.00
SENSEX – 27990.21,+4.67
0731-6507888
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