Nifty eyes 7600, Sensex firm; ICICI plunges, Lupin & Bharti up
The market gained marginal strength amid volatility, aided by infra, HDFC group, technology and pharma stocks. However, banks and oil stocks were under pressure.
The 30-share BSE Sensex rose 62.88 points to 24933.57 and the 50-share NSE Nifty climbed 26.35 points to 7589.90. The broader markets outperformed benchmarks with the BSE Midcap and Smallcap indices rising 0.5 percent and 0.9 percent, respectively.
Larsen & Toubro surged 4 percent following Q3 earnings. With maintaining outperform on stock and target of Rs 1469, Macquarie says given the investors concerns, broadly maintaining guidance is a positive outcome and stock is likely to see a bounce back.
HDFC Bank, Infosys, Lupin, Adani Ports, Wipro, Cipla, Bharti Airtel and BHEL were up 1-2 percent while ICICI Bank fell 3 percent.
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